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SUNWAH KINGSWAY Sells ~9% Stake in CNEWECON FUND to Cai Wensheng
SUNWAH KINGSWAY (00188.HK) announced that its wholly-owned subsidiary Kingsway Lion Spur Technology had reached a sale and purchase agreement with Longling Capital, a company owned...
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SUNWAH KINGSWAY Sells ~9% Stake in CNEWECON FUND to Cai Wensheng
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SUNWAH KINGSWAY (00188.HK)  -0.005 (-1.923%)   announced that its wholly-owned subsidiary Kingsway Lion Spur Technology had reached a sale and purchase agreement with Longling Capital, a company owned by MEITU (01357.HK)  +0.080 (+0.849%)    Short selling $62.29M; Ratio 9.359%   's founder Cai Wensheng.

Under the agreement, Kingsway Lion Spur Technology agreed to sell nearly 118 million CNEWECON FUND (00080.HK)  0.000 (0.000%)   shares (about 8.93% of the issued share capital) for a total consideration of HKD12.497 million.

The sale price of HKD0.106 per share was 19.1% higher than CNEWECON FUND's previous closing price of HKD0.089 per share. SUNWAH KINGSWAY estimated the net proceeds from the sale to be around HKD12.485 million.

Upon completion of the transaction, SUNWAH KINGSWAY will no longer hold any interest in CNEWECON FUND.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-09 16:25.)

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