Wing Tai Holdings

[cyclone]

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.

[SLC81]

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.

Wingtai will add in at least 100 mils from recent divestment of a building by its Hong Kong listed subsidiary. This should show up in Q3 result in 11/May

[SLC81]

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/

[SLC81]

Wing Tai reported 9 times profit increase.

http://www.businesstimes.com.sg/companie...nings-from

[SLC81]

https://sg.finance.yahoo.com/news/garden...59040.html

Singapore garden residences attract large crowd for the show flat

[¯|_(ツ)_/¯]

1HFY2020 Result as at 30 Jun 2020
Rev HK$1,900m (vs 423m)
GP  HK$  622m (vs 341m)
Net Loss HK$457m (vs +245m)
Div HK$0.06 (vs 0.06)

For the second half of 2020, the intensified Sino-US tension, US sanctions on Hong Kong and the new wave of pandemic spread have further dampened the already weaken local economy and property market, and will likely result in increasing unemployment rate and prolonged recession with shrinking GDP.

The uncertain outlook on pandemic and economic recovery in the near term may further affect the valuation of our investment properties towards the end of 2020 and may further impact on full year reporting profit despite no cashflow impact on our financials.
https://links.sgx.com/FileOpen/e-2020%20...eID=629798

Stay home and stay safe, everyone.

[Curiousparty]

insiders have been buying...

Helen Chow, the wife of Wing Tai’s chairman of Cheng Wai Keung, has raised her stake in the group by acquiring 104,900 shares for an undisclosed amount, according to a filing on the Singapore Exchange on Feb 21.
Following the transaction, Chow, together with her husband, now have a total stake of 467.72 million, or 61.42% of the total number of ordinary voting shares held.
Chow, who is also a director of Wing Tai Property Management, started buying Wing Tai shares on Sept 8, 2023, adding 21,400 shares to her stake.

Shares in Wing Tai Holdings closed 2 cents lower or 1.55% down at $1.27.



https://www.theedgesingapore.com/edgeinv...hares-6142