[ET Net News Agency, 19 December 2019] Wharf Real Estate Investment Company Limited
(01997) said its subsidiary Wharf Estates Limited has entered into a sale and purchase
agreement with a vendor, a wholly-owned subsidiary of Wheelock (00020). It has agreed to
acquire (i) the entire issued share capital in Star Attraction Limited (the target) and
(ii) a sale loan, at an aggregate consideration of HK$6,416.7 million.
The major assets of the target comprise prime investment properties situated in the
heart of the renowned Orchard Road belt of Singapore, namely, Scotts Square and Wheelock
Place. (RC)