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. Last Updated: 07/27/2016

Eagle Spin-Off

HONG KONG -- Hong Kong property giant Great Eagle Holdings Ltd. has said it would spin off its Tai Shan Properties Ltd. unit, a move analysts said would help it concentrate on higher-yielding projects.

Great Eagle said Monday it planned to raise between HK$2.31 billion ($296 million) and HK$2.50 billion by spinning off its commercial properties arm.

After Hong Kong and international offerings, Great Eagle will hold 73.15 percent of Tai Shan.