UPDATE 1-Franshion Properties to raise up to $437 mln from Hong Kong hotels spinoff
June 16, 2014 at 01:25 AM EDT
HONG KONG, June 16 (Reuters) - Real estate developer Franshion Properties (China) Ltd plans to raise up to HK$3.39 billion ($437 million) from a proposed Hong Kong listing of its hotels arm, using funds to expand its business to tap China's national travel boom.