Trade Wing Tai - W05sg CFD

Trade Wing Tai - W05sg

About Wing Tai Properties Ltd

WING TAI PROPERTIES LIMITED is a Hong Kong-based investment holding company principally engaged in property businesses. The Company operates through four segments. Property Development segment is engaged in the development of residential and commercial properties. Property Investment and Management segment is engaged in the investment and management of properties in Hong Kong and the United Kingdom. Hospitality Investment and Management segment is engaged in the investment in serviced apartments, such as Lanson Place Hotel, as well as the provision of management services to serviced apartments, such as One Sunland Serviced Suites. Others segment is engaged in investment and corporate administrative businesses, among others. The Company mainly operates businesses in Hong Kong, the People’s Republic of China (PRC), the United Kingdom and Singapore, among others.

Financial summary

BRIEF: For the six months ended 30 June 2021, Wing Tai Properties Ltd revenues decreased 75% to HK$496.8M. Net income applicable to common stockholders totaled HK$188.2M vs. loss of HK$485.7M. Revenues reflect Property Development segment decrease of 90% to HK$159.5M, Property Investment and Management segment decrease of 9% to HK$283.7M, Hospitality investment and management segment decrease of 7% to HK$26.5M.

Equity composition

11/2009, Rights Issue, 1 new share for every 3 shares held @ HKD 1.7 (Factor: 1.094736)