Wing Tai unit disposing of Winnamax Investment for S$270.8m
WING Tai Holdings' wholly owned subsidiary, Wing Tai China, has entered into a deal to dispose of its 100 per cent interest in the issued share capital of and shareholders' loans to Winnamax Investment.
The deal, worth S$270.8 million, was agreed with Xu Chang Co, the group said in a filing to the local bourse.
The transaction is expected to take place within three months from the signing date of the agreement.
Upon completion, Winnamax will cease to be a subsidiary of Wing Tai Holdings.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Syngenta to withdraw China IPO application on weak market: sources
Chinese firms’ fundraisings in limbo as IPOs scrutinised at home and abroad
China’s Huawei continues rebound with strongest earnings growth since 2019
Hatten Land gets notice of default, letter of demand for RM14 million, appoints financial adviser
ComfortDelGro wins contracts to run buses in Manchester
Sam Bankman-Fried, at sentencing, acknowledges FTX customers have suffered