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Wang On Group Announces Property Disposal in Kowloon

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Wang On Group Announces Property Disposal in Kowloon

Elevate Your Investing Strategy:

Wang On Group Limited ( (HK:1222) ) has shared an update.

Wang On Group Limited, through its subsidiary WYT, has entered into a provisional agreement to sell a property located at 60A Yen Chow Street, Kowloon, Hong Kong. The property is being sold for HK$19.5 million to Blessed Fortune Limited, with Centaline Property Agency Limited acting as the property agent. This transaction is classified as a discloseable transaction under the Listing Rules, as the applicable percentage ratio exceeds 5% but is below 25%. The disposal aligns with current market prices and conditions, and the payment is structured in deposits and a final balance upon completion.

More about Wang On Group Limited

Technical Sentiment Signal: Strong Buy

Current Market Cap: €32.16M

For detailed information about 1222 stock, go to TipRanks’ Stock Analysis page.

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