Hang Lung Group plans business restructuring, asset injections to Amoy: report

HONG KONG (AFX-ASIA) - Hang Lung Group is planning a business restructuring which will involve injecting its property assets and Grand Hotel Holdings into Amoy Properties Ltd, the Oriental Daily cited market sources as saying. The sources said some investment banks have given the group business restructuring suggestions. The sources said the restructuring is likely to transform Hang Lung Development into a holding company and make Amoy the property flagship of Hang Lung Group.

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