Founder Group plans to spin off non-core business for listing

Cheung Shuen Lung, president of Founder Group (0418), said the company intended
 to spin off its non-core business, such as hardware business for listing in
 mainland A shares market and the company was now in talks with its financial 
consultants over the possibility of being listed with this year. Founder MSC, 
whose 49% shareholding was held by Founder Group, had just got approval to list
 on Malaysia Automatic Quoting Exchange. Mr Cheung hoped to be listed
 successfully this year, but it still depended on the situation of Malaysia
 market. The details for raising capital was not revealed yet, but Mr Cheung
 said the company would have a remarkable revenue if the relevant projects

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