Back 10 Dec 2025

Wing Tai Completes RMB119.2m Exit From Suzhou Property Unit Jiaxin

Link: https://links.sgx.com/1.0.0/corporate-announcements/L6G0X0YBZHFD7STJ/ae6361e6d68b081f1d8cd098ea347a21de3613ba62a72b28e9509cc753a15d8e

Summary:

  • Wing Tai’s 75%-owned subsidiary Suzhou Property Development Pte. Ltd. has completed the sale of 100% of Jiaxin (Suzhou) Property Development Co., Ltd. to an unrelated purchaser for RMB119.2 million, or about S$21.7 million, in cash.

  • The deal, executed via a share transfer agreement on 3 July 2025, removes Jiaxin—developer of residential and commercial projects in Suzhou—as a subsidiary of Suzhou Property Development Pte. Ltd.

  • Management describes the divestment as an ordinary-course transaction and does not expect any material impact on Wing Tai Group’s net asset value.

  1. https://links.sgx.com/FileOpen/Announcement%20-%20Completion%20of%20Divestment%20of%20Jiaxin.ashx?App=Announcement&FileID=869434