The new land will again be used to buy Wing Chai’s Rong’an Group 2

SHKP (00016) relinquished the acquisition of the Wing Chai Wing On Building in the previous year. The building recently recorded two transactions. The new purchaser is a related person in Singapore. It is believed that the new purchase price was 14% higher than two years ago.

The Wing On Building at 5 to 11 Bowrington Road, New Territories did not close enough property within the deadline to cancel the transaction. With the completion of the new land acquisition of the old buildings 13 to 17 adjacent to it last year, it has recently re-established the Rongan Building. According to the EPRC’s economic real estate library, the two companies in the Rong’an Building acquired RMB 17.4 million, the new buyer was ASIA JUMBO HOLDINGS LIMITED, and the company’s director Li Xin was a newcomer. The latest A purchase price on the 13th floor was 9.863 million yuan, which was a trading price of 8.687 million yuan at the end of 2015, which was about 14% higher.