Wang On Properties Announces Disposal of 20% Interests in Joint Venture Companies and New Business Collaboration

Reuters

2025/06/12

Wang On Properties Announces Disposal of 20% Interests in Joint Venture Companies and New Business Collaboration

Wang On Properties Limited has announced a major transaction involving the disposal of 20% interests in joint venture companies and a new business collaboration through the formation of new joint ventures. On June 12, 2025, the company revealed the details of these transactions, which include significant changes in equity interests for its subsidiaries, Wickert Investments and Ever Sonic Enterprises. Both subsidiaries will see their equity interests in Fortune Harbour and Mega Hope reduced to 15% each. The company estimates a loss of approximately HK$202.89 million as a result of the disposal. The business collaboration will focus on real-estate asset management, including aspects like rebranding, remarketing, renovation, and daily operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wang On Properties Ltd. published the original content used to generate this news brief on June 12, 2025, and is solely responsible for the information contained therein.

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Wang On Properties Ltd. published the original content used to generate this news brief on June 12, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01222","symbol_name":"WANG ON GROUP","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250612:nNDL652S7R:1","article_id":"2542554898","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542554898","pubTimestamp":1749739478,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Wang On Properties Limited has announced a major transaction involving the disposal of 20% interests in joint venture companies and a new business collaboration through the formation of new joint ventures. 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On June 12, 2025, the company revealed the details of these transactions, which include significant changes in equity interests for its subsidiaries, Wickert Investments and Ever Sonic Enterprises. Both subsidiaries will see their equity interests in Fortune Harbour and Mega Hope reduced to 15% each. The company estimates a loss of approximately HK$202.89 million as a result of the disposal. The business collaboration will focus on real-estate asset management, including aspects like rebranding, remarketing, renovation, and daily operations.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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