ACCOR, the giant French hotel, catering and service company, will seek a Hongkong listing for a regional unit this year as part of its expansion plans.
The subsidiary, Accor Asia Pacific Corp, aims to list in Sydney in June, and will follow up by seeking a secondary listing on the Hongkong exchange.
The group aims to raise US$200 million through the listings to fund the expansion and development in the Asia-Pacific region.
According to Accor's China and North Asia managing director Roy Olsson, the money will be the group's ''war chest''.
''This is part of our push into Asia-Pacific,'' he said.
Accor's Hongkong listing is certain to create interest as the group has no property in the territory.
''The proposed listing is to give us a presence here in Hongkong,'' he said.