Wing Tai Properties - disposal of the “Winner Godown Building” in Tsuen Wan, Hong Kong

Slaughter and May is advising Wing Tai Properties on the disposal of the “Winner Godown Building” in Tsuen Wan, Hong Kong.  On 1 December 2017 Wing Tai announced that it had entered into a provisional sale agreement with Sunny Global Development Limited in respect of the sale for a consideration of HK$2,162,460,000.  The sale is a “major transaction” under the Listing Rules of HKEx and the sale is conditional on shareholders’ approval. Please see the announcement here.