Wang On Group Ltd Announces Key Developments
On June 17, 2025, Wang On Group Ltd, a Hong Kong-based real estate company listed on the Hong Kong Stock Exchange, announced several important updates concerning its operations and shareholder communications. The company, known for managing and sublicensing Chinese wet markets, shopping centers, and car parks, as well as producing and selling cough syrup and healthcare products, has also been involved in property investments and pork retailing.
Major Transaction and Special General Meeting
In a significant development, Wang On Group Ltd disclosed a major transaction involving a sale and leaseback arrangement. This strategic move is part of the company’s efforts to optimize its asset management and financial structure. Alongside this announcement, the company has scheduled a Special General Meeting to discuss the transaction and other pertinent matters with its shareholders.
Shareholder Communications
In preparation for the upcoming meeting and to ensure effective communication, Wang On Group Ltd has issued several letters to its shareholders:
Non-Registered Shareholders: A letter was sent to non-registered shareholders, accompanied by a request form, to facilitate their participation in the upcoming meeting.
Existing Registered Shareholders: Existing registered shareholders received a letter along with a change request form, allowing them to update their details and preferences.
New Registered Shareholders: New registered shareholders were addressed with a letter that includes a reply form. This form is intended for the election of the means of receipt and language of corporate communications, ensuring that shareholders can choose their preferred method of receiving information.
Proxy for Special General Meeting
To accommodate shareholders who may not be able to attend the Special General Meeting in person, Wang On Group Ltd has provided a form of proxy. This allows shareholders to appoint a representative to vote on their behalf, ensuring their interests are represented during the meeting.
Financial Overview
As of June 15, 2025, Wang On Group Ltd’s share price closed at HKD 0.022. The company’s market capitalization stands at HKD 311,670,000. Over the past year, the share price has fluctuated, reaching a 52-week high of HKD 0.033 on October 7, 2024, and a low of HKD 0.018 on November 26, 2024. The price-to-earnings ratio is currently -0.477422, reflecting the company’s financial performance and market conditions.
These developments highlight Wang On Group Ltd’s ongoing efforts to enhance shareholder engagement and optimize its business operations.