Sunwah Kingsway Optimizes Liquidity Through Asset Disposal

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

Sunwah Kingsway Capital Holdings Limited has announced the on-market disposal of 2,588,500 CSOP HSTID Units from April to July 2024, resulting in a minor loss but improving the company’s liquidity and cash reserves for future investments. The transactions are classified as a discloseable event under the Listing Rules, given the trading volume, and were conducted with independent third parties. Directors believe the move, which yielded net proceeds of about HK$8.46 million, aligns with the company’s interest and provides financial flexibility in current market conditions.

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