May 18 (Reuters) - Empire Industries Ltd EIL.V
* Announces plan of arrangement for spin-out of Hydrovac
business
* Following completion of arrangement, Tornado intends to
expand its Hydrovac business into China
* Shares of Empire will be exchanged for one quarter of new
Empire share and one eighth of new Tornado share for every share
of Empire
* Entered into arrangement agreement with its wholly-owned
subsidiaries, Tornado Global Hydrovacs Ltd, Tornado Global
Hydrovacs Inc
Source text for Eikon: ID:nMKWncC4za
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