Longfor Joins Peers With Spinoff, IPO for Property Management Arm

After repeatedly denying plans to spin off its property management arm, Longfor Group has filed to list Longfor Intelligent Living in Hong Kong Key takeaways: Longfor has applied to list its property management arm in Hong Kong, following in the footsteps of many of its peers The unit, Longfor Intelligent Living, made several acquisitions before filing for the IPO, making it China’s ninth largest player based on area under management By Molly Wen Property developers have been spinning off their real estate management units for several years now, seeking to…

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Step Right Up: Pop Mart Excites Investors with Foray Into Theme Parks

Collectible toymaker’s shares rise 9% in the week since media reported its plans to open its first entertainment venue in Beijing Key takeaways: Pop Mart is reportedly planning to open its first theme park in Beijing as it looks to jumpstart its slowing growth Maker of popular collectible toys is looking to leverage its intellectual property in a China theme park market that was worth 426 billion yuan last year By Trevor Mo Pop Mart International Group Ltd. (9992.HK) is preparing to “super-size” its core business, which has found huge…

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