Wing Tai Properties Renews Key Operating and License Agreements

The latest update is out from Wing Tai Properties Limited ( (HK:0369) ).

Wing Tai Properties Limited announced the renewal of operating and license agreements between its subsidiaries, Lanson Place Singapore and Lanson Place Hong Kong, with Winshine, a subsidiary of Wing Tai Holdings. These agreements involve management and license fees based on property revenue and performance, with estimated annual caps for the next four years. The transactions are subject to certain reporting and review requirements but do not require independent shareholder approval, indicating a strategic move to strengthen operational ties with Wing Tai Holdings.

The most recent analyst rating on (HK:0369) stock is a Buy with a HK$2.45 price target. To see the full list of analyst forecasts on Wing Tai Properties Limited stock, see the HK:0369 Stock Forecast page.

More about Wing Tai Properties Limited

Wing Tai Properties Limited is a company incorporated in Bermuda, primarily involved in real estate and property management. The company operates through its subsidiaries, Lanson Place Singapore and Lanson Place Hong Kong, focusing on property management and hospitality services.

Average Trading Volume: 92,171

Technical Sentiment Signal: Sell

Current Market Cap: HK$2.02B

For detailed information about 0369 stock, go to TipRanks’ Stock Analysis page.