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Wang On Group Limited ( (HK:1222) ) has shared an update.
Wang On Group Limited and its subsidiary, Wang On Properties Limited, announced the disposal of a 20% interest in two joint venture companies, Fortune Harbour and Mega Hope, for a total consideration of HK$87.24 million. This move is part of a broader strategy to realign their investment portfolio and strengthen their financial position. Additionally, the company has entered into a new business collaboration through the formation of new joint ventures, aiming to leverage successful past partnerships and explore potential projects, which could enhance their market positioning and offer new opportunities for growth.
More about Wang On Group Limited
Wang On Group Limited is a diversified investment holding company based in Hong Kong, primarily engaged in property development and investment, management, and pharmaceutical business. Its subsidiary, Wang On Properties Limited, focuses on property development and management, aiming to expand its market presence through strategic collaborations and joint ventures.
YTD Price Performance: 4.76%
Average Trading Volume: 4,815,621
Technical Sentiment Signal: Sell
Current Market Cap: HK$273.9M
Find detailed analytics on 1222 stock on TipRanks’ Stock Analysis page.
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