Wing Tai Properties Limited (HK:0369) has released an update.
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Wing Tai Properties Limited reported a challenging first half of 2024, with sluggish economic recovery and tepid investment sentiment leading to a net valuation loss of HK$1,369 million. Despite the tough market conditions, their Hong Kong Landmark East towers maintained approximately 90% occupancy, and the company continues to expand their hospitality portfolio in the Greater Bay Area and the Philippines. The Board recommended an interim dividend of HK3.0 cents per share, amidst cautious reassessment of the property market.
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