Stock News: Wing Tai may be active after buying site for 201 mln sgd

Property developer Wing Tai Holdings Ltd may be active after it said its unit Winrose Investment Pte Ltd, has signed a deal to acquire a freehold site known as Ardmore Point for 201 mln sgd. The site, which is a 60,534 square feet property located at Ardmore Park, is intended for residential development. Yesterday, Wing Tai closed up 0.03 sgd at 1.95.