Wheelock takes property arm private for US$889 mil
HONG KONG: Wheelock and Co Ltd said late on Tuesday, April 27, it plans to take its property arm, Wheelock Properties Ltd, private for HK$6.9 billion (RM2.85 billion).
The company said in a joint statement that it plans to offer HK$13 per share, or 143.9% premium over the previous close, for all outstanding shares it did not already own in Wheelock Properties.