Department store operator Lifestyle may spin off property unit

HONG KONG, Oct 9 (Reuters) - Department store operatorLifestyle International Holidngs Ltd said on Tuesdayit is exploring the possibility of a separate listing for itsHong Kong and China property businesses on the Hong Kong stockexchange.

In a filing to the Hong Kong bourse, Lifestyle said it aimedto list its property investment and development businesses thatwere not intended to be used in the operation of its coredepartment store business.

The unaudited adjusted net asset value of the group thatwould be spun off accounted for about 18 percent of thecompany's unaudited consolidated net asset value as at June 30,2012.

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(Reporting by Donny Kwok; Editing by Richard Pullin)

((donny.kwok@thomsonreuters.com)(+852 2843 6470)(ReutersMessaging: donny.kwok.reuters.com@reuters.net))


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