The Directors of Wing Tai Properties Limited announced that on 22 November 2018, the Wing Tai Properties Limited, Manhattan Garments Holdings Limited, Speedwell Global Limited, Blisspeak Limited and the Kingswood Edge Limited, entered into the Agreement, pursuant to which the parties agreed to form a joint venture for the acquisition (the "Acquisition") of 100% equity interest in the Jersey SPV. The Singapore SPV is a wholly-owned subsidiary of the 30 Gresham Street (Jersey) Limited (Jersey SPV) and directly holds the leasehold interests in the Property. The Joint Venture Company is owned as to 50% by each of the Wing Tai Subsidiary and the Manhattan Subsidiary respectively.