Zhi Tong Cai Jing·2026-01-12 13:56Core Viewpoint - Lisheng International (00191) and Lisheng Development (00488) announced a conditional agreement for the sale of limited partnership interests in New Vision Fund, L.P. for approximately USD 14.6354 million (around HKD 114 million) [1] Group 1: Transaction Details - The seller, an indirect wholly-owned subsidiary of Lisheng Development and an indirect non-wholly-owned subsidiary of Lisheng Garment, has agreed to sell its rights and interests in the partnership [1] - The partnership primarily invests in shares of companies applying for listing on recognized stock exchanges and in early-stage and growth-stage companies [1] Group 2: Rationale for the Sale - Due to the nature of the related investments, the liquidity of the limited partnership interests is relatively low, and the volatility of these investments makes future returns difficult to predict [1] - The boards of Lisheng Garment and Lisheng Development believe that the sale provides a good opportunity for Lisheng Development Group to exit related investments, allowing for the realization of investments and strengthening cash flow and liquidity [1] Group 3: Financial Implications - The cash inflow will enable Lisheng Garment Group and Lisheng Development Group to reallocate more financial resources for optimizing their capital structure and/or for general corporate purposes [1] - This transaction is expected to enhance the overall cash flow and financial condition of both Lisheng Garment and Lisheng Development [1]