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Wang On Properties Ltd. ( (HK:1243) ) has shared an announcement.
Wang On Properties Ltd. and Wang On Group Ltd. have announced the formation of a joint venture with ADPF Oregon for the acquisition of a property. The joint venture will be capitalized at approximately HK$291.04 million, with Prime Resonance, a subsidiary of Wang On Properties, holding a 15% stake and ADPF Oregon holding 85%. This transaction is classified as a discloseable transaction under the Hong Kong Stock Exchange’s listing rules, requiring reporting and announcement but not shareholder approval.
More about Wang On Properties Ltd.
Wang On Properties Ltd. is a real estate company incorporated in Bermuda, focusing on property development and investment. It operates under the umbrella of Wang On Group Ltd., which is also involved in various business sectors.
Average Trading Volume: 1,526,143
Technical Sentiment Signal: Sell
Current Market Cap: HK$516.8M
Learn more about 1243 stock on TipRanks’ Stock Analysis page.