Kwung's Holdings (HKG:1925) said it partially redeemed its interests in the Jihai Zhize Panshi Private Equity Investment Fund, according to a Hong Kong bourse filing Thursday.
The firm redeemed 30 million yuan from the fund for a gain of 1.5 million yuan. This is the second time the firm redeemed its interest; earlier in December, the firm said it had redeemed 30 million yuan.
Kwung's made a 90 million yuan investment in the fund in January.