In September 1994, Sino Land, the most popular second-tier property developer in Hong Kong, given the investigation of the possibility of a spin-off of its hotels and hospitality division into a separate company. Under the proposed de-merger, the new holding vehicle, Sino Hotels (Holdings) would inherit interests in a number of hotels and restaurants. It was also planned on the Hong Kong Stock Exchange after the commencement of Sino Land list to a blue-chip Hang Seng Index constituent stock on Februa … Read more »

In September 1994, Sino Land, the most popular second-tier property developer in Hong Kong, given the investigation of the possibility of a spin-off of its hotels and hospitality division into a separate company. Under the proposed de-merger, the new holding vehicle, Sino Hotels (Holdings) would inherit interests in a number of hotels and restaurants. It was also planned on the Hong Kong Stock Exchange after the commencement of Sino Land to a blue-chip Hang Seng Index constituent vehicle list on 28 February, 1998. The case provides the reasons and the time of transfer and examined whether the event is conducted in a rise in the stock market value of Sino Land and improvements in the business.
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from
Su Han Chan,
Ko Wang
Probir Banerjee
Source: University of Hong Kong
22 pages.
Release Date: 1 January 1999. Prod #: HKU042-PDF-ENG
Sino Land Hotel Spin-off (A) HBR case solution