Sunwah Kingsway Capitalizes on Petrochina Shares Sale

Sunwah Kingsway Capital Holdings Limited (HK:0188) has released an update.

Sunwah Kingsway Capital Holdings Limited has recently completed a series of on-market transactions, selling a total of 1,322,000 shares of Petrochina, amounting to approximately 0.006% of Petrochina’s issued shares, for HK$9,392,000. This transaction is classified as a discloseable event under the Listing Rules since the applicable percentage ratios fall between 5% and 25%. The disposals were conducted to improve liquidity for general working capital and fund future investments, ultimately realizing a profit of about HK$1 million for Sunwah Kingsway.

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