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Willie (0273) subsidiary sells Guangzhou property to Forefront for HK$100m in shares
Company announcement, 24-Mar-2010
Willie says stake in Forefront is "for trading". Sells property because of "policies of the Chinese government to cool down the property markets, the need to put in additional funds to improve and renovate the Property, and the decrease in occupancy rate since its acquisition". It bought the property from Mascotte (0136) for HK$112m on 8-Sep-08. Reveals Forefront owns 4.99% of Willie.
Organisations
- China Ruyi Holdings Limited 中國儒意控股有限公司
- MASON GROUP HOLDINGS LIMITED 茂宸集團控股有限公司
- Rentian Technology Holdings Limited
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