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The latest announcement is out from Wang On Properties Ltd. ( (HK:1243) ).
Wang On Properties Ltd. has announced a major transaction involving 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 will reduce the company’s stake in these ventures to 15%. Additionally, Wang On Properties is forming new joint ventures to explore further business collaborations, indicating a strategic shift to enhance its market position and explore new opportunities.
More about Wang On Properties Ltd.
Wang On Properties Ltd., incorporated in Bermuda, operates in the real estate industry, focusing on property development and investment. The company is involved in forming joint ventures and collaborating on property projects.
Average Trading Volume: 815,363
Technical Sentiment Signal: Sell
Current Market Cap: HK$516.8M
Learn more about 1243 stock on TipRanks’ Stock Analysis page.