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Oriental Ginza Sells Angel Fay to Winggo for HK$220 Million

Property management company Oriental Ginza Holdings Ltd. is selling the issued share capital of Angel Fay Ltd. and debt due from Angel Fay for HK$220 million ($28.3 million), according to a filing to the Hong Kong Stock Exchange.

Winggo Ltd., incorporated in the British Virgin Islands, is purchasing Angel Fay, the filing said. Angel Fay is an investment holding company that is the equity interest owner of Chongqing Pacific, whose principal assets are properties in China, according to the statement.

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