Red-chip China Aerospace International Holdings (Casil) last night said it planned to spin-off its consumer electronics arm into a separate listing on the stock exchange. The company said the new entity, Newco, would be formed following a restructuring of certain businesses of Casil and its subsidiaries. No financial details of the proposed spin-off were released. Casil said it had filed an application with the stock exchange listing committee for the proposed new listing on Wednesday. The company said the principal activities of Newco would be the designing, manufacturing and sales of audio-visual products, including television sets, video compact-disc players and home theatre systems. Casil spun-off its telecoms arm last August in a $180 million flotation. Last December, Casil's parent China Aerospace Corp said it was studying plans to inject assets into its Hong Kong-listed arms, which also include APT Satellite Holdings.