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Wing Tai Properties Limited ( (HK:0369) ) has shared an announcement.
Wing Tai Properties Limited has announced the sale of its entire equity interest in Topworth Enterprises Limited to Clas Puma Limited for GBP43 million. This transaction will result in Topworth Enterprises ceasing to be a subsidiary of Wing Tai Properties, impacting the company’s financial statements as it will no longer consolidate Topworth’s results. The disposal is classified as a discloseable transaction under the Listing Rules, indicating a significant strategic move for the company.
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 with limited liability, primarily involved in property investment and development. The company operates in various markets, focusing on real estate ventures.
Average Trading Volume: 92,171
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.05B
See more data about 0369 stock on TipRanks’ Stock Analysis page.