Wang On Properties Ltd. has announced a business collaboration through the formation of new joint ventures. The company has obtained written approval from shareholders for this collaboration. As part of the agreement, a proposed asset management agreement will be entered into with Wang On Hospitality Asset Management Limited, which will oversee the renovation, daily operations, and general asset management of the new property. The terms of the asset management agreement have been mutually agreed upon by AG Partners and Wang On Properties. This development marks a significant step in Wang On Properties' strategic initiatives.
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