Wing Tai Asia
What we found
A Wing Tai Holdings filing states that the voluntary winding up of Winrose Investment Pte Ltd, a wholly-owned subsidiary of its Wing Tai Land unit, is not expected to have a material impact on group net tangible assets or earnings per share.
The evidence
Corporate continuity
The Edge reported in August 2017 that the joint offerors, controlled by the Cheng family, raised their stake in Wing Tai Malaysia to 96.75% through a RM1.80-per-share voluntary takeover, and that the shares would be suspended from 17 August.
2 more findings
The Malaysian listed entity Wing Tai Malaysia Berhad was delisted from Bursa Malaysia in August 2017 after a takeover by its Singapore-listed parent and joint offeror, and was renamed Wing Tai Malaysia Sdn Bhd.
The Wing Tai Holdings corporate milestones page records that Wing Tai Malaysia Berhad was delisted from Bursa Malaysia on 30 August 2017 and privatised and renamed Wing Tai Malaysia Sdn Bhd on 19 October of that year.
