HK's IT firm SiS hits 5-mth high on plan to spin off property business

SiS International Holdings

22/10/2018 03:18

** Shares of SiS International Holdings Ltd  0529.HK  rise
as much as 18.9 pct to HK$4.98, the highest since May 25, on the
IT products distributor and property investor's plans to spin
off its Japan real estate investment business in Hong Kong
    ** The stock later trims gains to HK$4.90, still up about 17
 pct, and heading for the biggest daily percentage gain since
Oct. 17, 2014
    ** Co says a listing application has been submitted to the
Hong Kong bourse for a separate listing of SiS Hospitality
Holdings Ltd and the company will hold at least 50 pct of the 
unit after the listing  urn:newsml:reuters.com:*:nFWN1WZ0J2
    ** As of the last close, the stock has fallen 17.8 pct so
far this year
    ** The Hong Kong benchmark index  .HSI  rises 1.4 pct

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)