In this article
CSPT (0139) swaps 1 Lincoln Road for shares in FWF (0572) | Future World announcement
Company announcement, 29-Dec-2017
FWF owns 9.21% of CSPT, just below the 10% threshold at which this would be a connected transaction. CSPT owns 8.48% of FWF which will increase to 21.46% on completion. Both are in what we call the "Chung Nam Network". The deal involves the transfer of the BVI company that owns the house, thereby avoiding a prohibitive 30% stamp duty on the $400m property.
Organisations
- Central Wealth Group Holdings Limited 中達集團控股有限公司
- Future World Holdings Limited 未來世界控股有限公司
- Goodview Assets Limited
- Winsey Enterprises Limited
- Wise Victory Group Limited (VG)
Topics
Sign up for our free newsletter
Recommend Webb-site to a friend
Copyright & disclaimer, Privacy policy