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Wing Tai unit sells interest in joint venture company for S$89.3m

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WING Tai Holdings said on Friday that its fully owned subsidiary Wing Tai (China) Investment has disposed of its 40 per cent interest in the issued share capital of Optima Investment & Development to Singbridge Guangzhou for a cash consideration of S$89.3 million.

WING Tai Holdings said on Friday that its fully owned subsidiary Wing Tai (China) Investment has disposed of its 40 per cent interest in the issued share capital of Optima Investment & Development to Singbridge Guangzhou for a cash consideration of S$89.3 million.

Following the disposal of shares, Optima has ceased to be a joint venture company of Wing Tai.