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The latest announcement is out from Wing Tai Properties Limited ( (HK:0369) ).
Wing Tai Properties Limited announced the successful refinancing of banking facilities through a joint venture, Southwater Hong Kong Limited, securing a term loan of HK$6.111 billion. This refinancing is crucial for the company’s financial stability and future development projects, with specific conditions tied to the Cheng Family’s shareholding, highlighting the family’s significant influence on the company’s governance.
The most recent analyst rating on (HK:0369) stock is a Hold with a HK$1.50 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 with limited liability, operating in the real estate industry. It focuses on property development, investment, and management, with a significant market presence in Hong Kong.
Average Trading Volume: 187,077
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.36B
Learn more about 0369 stock on TipRanks’ Stock Analysis page.