WUG has entered into a sale and purchase agreement to indirectly acquire and own Westmin Plaza, an office and retail development in Liwan District, Guangzhou, China.
SINGAPORE (Sept 24): Keppel Land China is set to acquire a 30% stake in Win Up Global (WUG) for a total consideration of HK$141.4 million ($24.8 million).
In a regulatory filing on Tuesday, Keppel says it has entered into a share sale and shareholder loan transfer agreement with Chinese real estate developer Topchain Group. This will see Keppel owning a 30% equity interest in WUG, while the remaining 70% will continue to be held by Topchain.
