• HK hotel float
Listed Hong Kong company Franshion Properties is to raise HKD3.39bn by listing its hotel business. Eight hotels in mainland China and a mixed use project will be spun off as an investment trust, reports Reuters.

The company will sell 600m units in the new vehicle, priced in the range HKD5.35-5.65. The transaction still has to be granted shareholder and stock exchange approval. 
Read the full story here:
http://uk.reuters.com/article/2014/06/16/franshion-listing-idUKL4N0OX0DM20140616
 
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