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Wang On Group Limited ( (HK:1222) ) has provided an announcement.
Wang On Group Limited and Wang On Properties Limited have announced the completion of a key man insurance policy subscription with Manulife, involving a single premium of approximately US$4.85 million. This transaction, which exceeds a 5% but is less than 25% applicable percentage ratio, is considered a discloseable transaction under Hong Kong’s Listing Rules, reflecting the companies’ strategic financial planning to safeguard their key personnel.
More about Wang On Group Limited
Wang On Group Limited and Wang On Properties Limited are incorporated in Bermuda and are involved in real estate and property development. They focus on property investment, management, and development projects, primarily operating in Hong Kong.
YTD Price Performance: 28.57%
Average Trading Volume: 6,804,590
Technical Sentiment Signal: Buy
Current Market Cap: HK$336.1M
For a thorough assessment of 1222 stock, go to TipRanks’ Stock Analysis page.