Agile Group Holdings Ltd. (3383.HK) plans to spin off and separately list its property management unit on the Hong Kong stock exchange.
The Chinese real-estate developer said after markets closed Thursday that its unit, A-Living Services Co., has submitted a listing application to Hong Kong's bourse operator.
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A-Living provides property management, advertising and tourism services in China. Agile Group aims to keep an at least 50% stake in A-Living after the proposed spin off, it said.
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(END) Dow Jones Newswires
September 14, 2017 20:54 ET (00:54 GMT)