Swire Pacific and Swire Properties - Proposed spin-off and separate listing of Swire Properties

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Slaughter and May, Hong Kong, is advising Swire Pacific Limited and Swire Properties Limited on the proposed spin-off and separate listing by way of introduction on the Hong Kong Stock Exchange of Swire Properties. 
 
Swire Properties is a wholly-owned subsidiary of Swire Pacific and is a leading developer, owner and operator of mixed use, principally commercial, properties in Hong Kong and the PRC. Swire Pacific is one of Hong Kong's leading listed companies, with diversified interests in five operating divisions: Property, Aviation, Beverages, Marine Services and Trading & Industrial.
 
The proposed listing of Swire Properties by way of introduction will be achieved by a distribution in specie by Swire Pacific of approximately 18 per cent of the issued share capital of Swire Properties to qualifying Swire Pacific shareholders.
 
The listing document was issued on 21 December 2011. Dealings in Swire Properties shares are expected to commence on 18 January 2012.

Richard Thornhill (partner), Lisa Chung (partner), Clara Choi (associate), Gerard Pan (associate), Amanda Ho (associate), Kevin Ip (associate)