Wing Tai Holdings W05 has announced that its wholly-owned subsidiary Wincrown has acquired 11-27 Tavistock Place in Melbourne, Australia for a total consideration of A$28 million ($24.7 million) on Dec 11.
According to the group, the acquisition was carried out in the ordinary course of business and is not expected to have a material impact on its net asset value (NAV).
Shares in Wing Tai closed 1 cent higher or 0.76% up at $1.32 on Dec 11.
