Sunwah Kingsway Capital Holdings Limited (HK:0188) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Sunwah Kingsway Capital Holdings Limited has announced the disposal of 2,730 Invesco QQQ Trust Units over the period from July 18, 2023, to July 11, 2024, through its subsidiary on the Nasdaq Stock Market. The transactions, which constituted a discloseable event due to the size of the deal, were made at a loss but provided the company with approximately $1.19 million in liquidity to strengthen its cash position and fund future investments. Despite the loss, the company’s directors believe the move was in the best interest of the company and its shareholders.
For further insights into HK:0188 stock, check out TipRanks’ Stock Analysis page.