SUNWAH KINGSWAY plans to sell 30% equity of KCG Capital for HKD 16.1 million
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SUNWAH KINGSWAY announced that it will sell its wholly-owned subsidiary SW Kingsway Capital Group Limited's 30% stake in KCG Capital for HKD 16.1 million. This transaction will result in the company no longer holding any equity in KCG Capital and will remove it from its affiliated companies. After the sale, the company plans to use the proceeds for general working capital and cash reserves to seek future investment opportunities
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