Wing Tai unit disposing of Winnamax Investment for S$270.8m
Add BT as a preferred sourceWING 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.
Share with us your feedback on BT's products and services
TRENDING NOW
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
