Wing Tai’s Chairman’s Wife Acquires 60000 Shares Company Total Stake 6203

On October 27, Helen Chow, the wife of Wing Tai’s chairman Cheng Wai Keung, made a purchase of 60,000 additional shares in the company, the details of which have not been disclosed. With this acquisition, her total number of voting shares in the company now stands at 473,845,859, which accounts for 62.03% of the total number of ordinary voting shares.

Following this development, the stock price of Wing Tai saw an increase of 2 cents or 1.37%, closing at $1.48 on October 27.

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In related news, Wing Tai’s earnings for the fiscal year 2023 have taken a dip of 91%, standing at $13.3 million. The company has also sold 23% of its LakeGarden Residences project at an average price of $2,120 per square foot during its launch weekend. This success was attributed to the interest shown by approximately 1,800 groups in the project, as evident from the two weekends of previews.