The non-completion of the acquisition has no material impact on the groupâs net asset value (NAV).
On March 15, Wing Tai announced that Wincove had successfully tendered for the collective purchase of the freehold Holland Tower for $76.3 million, or $1,746 sq ft per plot ratio (psf ppr).
Holland Tower is located at 10 Holland Heights in prime District 10.
Shares in Wing Tai closed 1 cent lower or 0.69% down at $1.43 on July 28.
