[ET Net News Agency, 26 June 2020] KWG Group Holdings Limited (01813) proposed to spin
off and separately list the shares of KWG Living, a subsidiary of the company, on the main
board of the stock exchange by way of the distribution and the global offering of the new
KWG Living shares, which includes the preferential offering.
On 24 June, KWG Living, through its appointed joint sponsors, ABCI Capital and Huatai
Financial Holdings (Hong Kong), submitted a listing application form (Form A1) to the
stock exchange to apply for the approval of the listing of the KWG Living shares.
Details of such assured entitlement have not yet been finalized and KWG Group will make
further announcements in this regard as and when appropriate.
KWG Living is principally engaged in the provision of residential property management
services and commercial property management and operational services.
KWG Group currently holds indirectly 97.22% shareholding of KWG Living. (KL)