Brief: Wang On Group Announces Formation Of A Joint Venture

Wang On Properties

29/12/2022 24:29

Dec 29 (Reuters) - Wang On Group Ltd  1222.HK :
    * FORMATION OF A JOINT VENTURE
    * WICKERT INVESTMENTS & EVER SONIC ENTERPRISES ENTERED INTO
SHAREHOLDERS' AGREEMENT WITH PENTA HOLDING (BVI) L.P.  AND
OTHERS
    * AGREEMENT FOR JV FORMATION FOR ENGAGING IN ACQUISITION &
OPERATION OF ALL PIECE OR PARCEL OF GROUND IN KOWLOON, HK
    * TOTAL MAXIMUM CAPITAL COMMITMENT OF WOP JV PARTNERS IN
FORTUNE
HARBOUR INVESTMENTS AND MEGA HOPE GLOBAL IS HK$504.0 MILLION
    * JV COMPANIES ARE AND WILL REMAIN OWNED AS TO 35% BY WOP JV
PARTNERS

Source text for Eikon:  ID:nHKSqszmD 
Further company coverage:  1222.HK