HK-listed Wenzhou Kangning Hospital hits 5-1/2-year high on China listing plan

** Shares of Chinese psychiatric healthcare group Wenzhou Kangning Hospital Co Ltd jump 8.2% to HK$51, the highest since November 2015 and set for a seventh straight session of gains

** Stock last up 7.7%, on track for best day since June 18

** Healthcare facilities network operator says it plans to sell its entire 75% stake in real estate development unit Wenzhou Guoda Investment Co to chairman Guan Weili for 55 mln yuan ($8.5 mln) as the company is preparing for the listing of A shares in the mainland

** Zhejiang-based company says it intends to spin off its existing real estate business through the disposal to focus on its main business operation

** The Hong Kong Hang Seng sub-index tracking property firms slips 0.1%, and the healthcare index gains 0.5%

** The Hang Seng China Enterprises Index rises 1.5%, and the benchmark index climbs 1.1%

** As of last close, the stock had soared 65.2% this year