Far East plans to list $513 mln worth hotels REIT

HONG KONG Jan 16 (Reuters) - Property investment and hotel operation group Far East Consortium International Ltd (0035.HK) said it planned to spin off and list its hotels in a real estate investment trust worth at least HK$4 billion (US$513 million).

The property group said in a statement late on Tuesday that the spin off, Hong Kong Hotel Real Estate Investment Trust, will be listed on the main board in Hong Kong.

For details please see here 115332.pdf (US$1=HK$7.8 yuan) (Reporting by Donny Kwok[ Editing by Valerie Lee)