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00004 WHARF HOLDINGS
RTNominal down24.250 -0.050 (-0.206%)
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18/12/2019 09:46

Wharf Holdings (00004) to buy Fuyang residential development

[ET Net News Agency, 18 December 2019] The Wharf (Holdings) Limited (00004) said its
subsidiary Wharf China Development (0004) Limited has agreed to acquire the entire issued
share capital in Gold Unicorn Holdings Limited (the target company) at a consideration of
HK$1,362.1 million. The company is owned as to 69.3% by Wheelock and the vendor is an
indirect whollyowned subsidiary of Wheelock.
The target company is an investment holding company, and the sole asset it holds
(through its wholly-owned subsidiary) is 100% legal and beneficial interest in Fuyang
Project, which is a residential development situated in Fuyang, Hangzhou, China. (RC)

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