Overseas Shareholders To Receive Cash In Lieu Of Swire Properties Shares

We wrote briefly about Swire Pacific’s upcoming spin off of Swire Properties, but didn’t reference Swire’s comprehensive announcement. The record date for the conditional dividend will be January 6, 2012, with distribution in February.

English: Developed by Swire Properties in 1989...

Overseas shareholders(non-Hong Kong) will have their shares in the new firm sold and receive cash instead. The distribution is conditional on receiving listing approval, and will total 18% of the new firm’s shares. We’ve never traded in Hong Kong; is it common that overseas investors are treated differently?  Is this a risk that investors should avoid?

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