Sunwah Kingsway Capital Holdings Limited announced a transaction involving its wholly-owned subsidiary, Kingsway Lion Spur Technology Limited, which has entered into a sale and purchase agreement with Longling Capital Ltd. The transaction involves the disposal of 117,898,595 shares of the China New Economy Fund. Longling Capital Ltd, incorporated in the British Virgin Islands, is beneficially owned by Mr. Cai Wensheng. This agreement marks a significant step in Sunwah Kingsway's strategic management of its investment portfolio.
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