Ng Fung Hong sale nets $5.3m

PUBLISHED : Friday, 27 June, 1997, 12:00am
UPDATED : Friday, 27 June, 1997, 12:00am

Red chip Ng Fung Hong says its 50.4 per cent-owned subsidiary has realised a gain of $5.3 million by selling an office property to its substantial shareholder Ng Fung Hong (Holdings) for a sum of $9.2 million. The transaction was completed in April, Ng Fung Hong said yesterday. The company said it only disclosed details of the transaction due to an 'oversight'.


Send to a friend

To forward this article using your default email client (e.g. Outlook), click here.

Ng Fung Hong sale nets $5.3m

Enter multiple addresses separated by commas(,)

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Enter the characters shown in the image.