Wing Tai is planning to sell its affiliated property in London for 26.25 million pounds.

date
22:23 23/01/2026
avatar
GMT Eight
Yongtai Real Estate (00369) announced that on January 23, 2026, the seller (the Company's indirect wholly-owned subsidiary, Nation Smart Limited) entered into a contract whereby the seller has conditionally agreed to sell and the buyer, Berkeley Square (UK) Holdings Ltd, has conditionally agreed to purchase the said property. The price amount is 26.25 million pounds. The net proceeds from the sale are approximately 255 million Hong Kong dollars, intended for use as general operating funds for the group. The property refers to a leased property at 35 Berkeley Square, London.
WING TAI PPT (00369) announced that on January 23, 2026, the seller (an indirect wholly-owned subsidiary of the company, Nation Smart Limited) entered into a contract, whereby the seller has conditionally agreed to sell and the buyer, Berkeley Square (UK) Holdings Ltd, has conditionally agreed to purchase the property for a price of 26.25 million pounds. The net proceeds from the sale are approximately 255 million Hong Kong dollars, intended for general operational funds of the group. The property refers to a leased property at 35 Berkeley Square, London. The group constantly monitors the market environment and reviews its property investment portfolio from time to time, aiming to bring the maximum return on investment to shareholders. The directors believe that the sale provides a good opportunity for the company to realize its investments at a reasonable price.