Winnoma is a joint venture company that developed a residential project located in Shanghai, China.
Wing Tai China (WTC), a wholly-owned subsidiary of Wing Tai Holdings, has acquired the remaining 50% shares in Winnoma Investment (Winnoma) from its joint venture partners, Savills IM Asian Property II SICAV-SIF and Inica Holding S.à.r.l. (INICA), for a total consideration of US$18.3 million ($25.6 million).
The consideration was arrived at on a willing-buyer and willing-seller basis and was paid in cash upon completion of the transaction which is simultaneous with the signing of the share sale agreement.
