Wisdom Empire Limited (VG)

Sau San Tong (8200) swaps 25% of a property for shares in Jia Meng (8101)Jia Meng announcement
Company announcement, 30-Aug-2016
It turns out that Sau San Tong already held 4.58% of Jia Meng, below the 5% disclosure of interests threshold. This will increase its stake to 9.13%. The Jia Meng announcement fails to say whether it will have any board representation or what the governance arrangements of the 25:75 joint venture will be, given that Sau San Tong is the tenant of the property.

Sign up for our free newsletter

Recommend Webb-site to a friend

Copyright & disclaimer, Privacy policy

Back to top