Joint Acquisition of Prime Leasehold Site at Prince Charles Crescent
SINGAPORE, 25 SEPTEMBER 2012: Wingstar Investment, Metro Australia Holdings and Maxdin successfully acquired the site at Prince Charles Crescent. Wingstar Investment is a subsidiary company of Wing Tai Holdings Limited, while Metro Australia Holdings and Maxdin Pte Ltd are, respectively, subsidiaries of Metro Holdings Limited and UE E&C Ltd.
ABOUT WING TAI
Wing Tai Holdings Limited is Singapore’s leading property developer and lifestyle company reputed for quality and design. The principal activity of the company is that of an investment holding company, focused on key markets in Asia. The WingTai Asia network of companies including Wing Tai Holdings Limited (Singapore), Wing Tai (China) Investment Pte Ltd, Wing Tai Malaysia Berhad (Malaysia), Wing Tai Properties Limited (Hong Kong) and their subsidiaries, have core businesses in property investment and development, lifestyle retail and hospitality management.
ABOUT METRO HOLDINGS LIMITED
Listed on the Mainboard of the SGX-ST in 1973, Metro Holdings was founded in 1957 by the late Mr Ong Tjoe Kim. Starting out as a textile store on 72 High Street, Metro has grown over the years to become a property development and investment group, backed by an established retail track record, with a turnover of S$187.1 million and net assets of S$1.1 billion as at 31 March 2013.
The Group operates two core business segments – property development and investment, and retail – focusing on key markets in the region such as the People’s Republic of China, Indonesia and Singapore.
ABOUT UE E&C Ltd
UE E&C Ltd., a subsidiary of United Engineers Limited, is an established integrated mechanical and electrical (“M&E”) engineering and construction company. Providing integrated M&E engineering services and a comprehensive range of construction services from design and build, civil works to general construction for residential, industrial, commercial and institutional buildings as well as infrastructural works.
In addition, we engage in residential property development through joint ventures. Headquartered in Singapore with overseas operations in Brunei, China, Vietnam and Malaysia.