Core Viewpoint - Xinhua Huifu Financial (00188) announced the sale of a 30% stake in KCG Capital, which is valued at HKD 16.1 million, enhancing the company's liquidity and optimizing its asset portfolio [1] Group 1: Transaction Details - The sale involves the full divestment of 15,000 shares, representing 30% of KCG Capital's issued share capital [1] - The transaction will be executed through a share buyback agreement, with the selling party being SW Kingsway Capital Group Limited [1] - Upon completion of the sale, the company will no longer hold any equity in KCG Capital, which will cease to be classified as an associated company [1] Group 2: Financial Implications - The proceeds from the sale, amounting to HKD 16.1 million, will provide immediate liquidity and improve the company's cash position [1] - The funds will be utilized for general operating purposes and cash reserves, aimed at seeking future investment opportunities [1] - The sale price was determined after fair negotiations between the parties, considering KCG Capital's latest unaudited net asset value and current market conditions [1]
新华汇富金融(00188)拟1610万港元出售KCG Capital30%股权