Wang On Group (01222) said its 75%-owned subsidiary Wang On Properties (01243) agreed to acquire the entire issued share capital and shareholder loan of PT Harvest Holdings Limited at HK$274.5 million.
The target holds certain properties, comprising of office units and car park units located in Kowloon Commerce Centre, No. 51 Kwai Cheong Road, Kwai Chung, New Territories, which are currently vacant for commercial usage with a gross floor area of about 24,959 square feet.
Wang On Properties intends to lease out the properties to generate stable rental income for the group.
21/02/2017 08:47
Wang On PPT (01243) to buy Kwai Chung properties at HK$275m
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