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(23-05-2017, 09:57 AM)Sampling Wrote: (23-05-2017, 08:36 AM)Scg8866t Wrote: Wingtai sg and malaysia halted
http://www.theedgemarkets.com/article/wi...nouncement
pending release of a material announcement
Is Wingtai privatizing wingtai malaysia? Can only guess for now. See how it goes.
Maybe privatised both?
Wing Tai and Wing Tai Investment & Development Pte Ltd made unconditional voluntary take-over offer to acquire all the issued ordinary shares of Wing Tai Malaysia Berhad for RM1.80 in cash per share.
Specuvestor: Asset - Business - Structure.
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Original article. Expect a bumper result for WING TAI
Edward Cheng, CEO of Wing Tai Properties has sold the W Square tower in Wan Chai
Hong Kong-based Wing Tai Properties has sold off a commercial building in the city’s Wan Chai area for HK$2.85 billion ($364 million) to local property investment firm Winland Group, according to an announcement by Wing Tai today to the Hong Kong stock exchange.
The sale of the 1978-vintage W Square tower at 314-324 Hennessy Road in Wan Chai — two metro stations east of Central — comes as Hong Kong’s property market continues to soar in the new year.
Wing Tai’s partner in the transaction is paying the equivalent of HK$25,000 ($3,197) per square foot for the 26-storey tower, which leases space to restaurants on its first seven floors, including the basement level, with the remaining space reserved for office use
.com/real-estate/finance-real-estate/wing-tai-sells-wan-chai-commercial-building-winland-hk2-85b/