Everbright International plans to list greentech business in Hong Kong

(Adds details about the greentech unit)

HONG KONG, April 13 (Reuters) - China Everbright

International said on Thursday it plans to spin off

and separately list its greentech subsidiary, in a deal that

could value the business at up to $1.5 billion.

The energy and infrastructure firm said it plans to sell up

to 644 million shares in China Everbright Greentech Limited,

representing around 30 percent of the company, at between

HK$5.18 and HK$5.90 per share.

The proposed Hong Kong listing is subject to approval by the

Hong Kong exchange listing committee.

The market capitalisation of China Everbright Greentech

Limited, which invests in biomass, hazardous waste treatment,

solar energy and wind power projects, would be between HK$10.4

billion and HK$11.8 billion ($1.3 billion-$1.5 billion), the

company said.

China Everbright International said last year that a

spin-off listing would increase the operational and financial

transparency as well as unlock the potential value of the unit.

The unit is expected to benefit from mainland China's policy

to support the environmental protection industry.

($1 = 7.7718 Hong Kong dollars)

(Reporting by Farah Master and Michelle Price; Editing by

Edwina Gibbs)