UBS Group is winding down investment funds run by its hedge fund unit O'Connor, it said on Friday, after suffering losses due to exposure to bankrupt U.S. auto parts supplier First Brands Group. ...

Core Points - The China Fund, Inc. has successfully liquidated as planned on October 29, 2025, with stockholder interests in the Fund's assets determined on that date [1] - Shares of the Fund will cease trading on the NYSE prior to the opening of business on October 30, 2025, with the primary liquidating distribution expected to be paid in cash on October 31, 2025 [1] - The expected liquidating distribution per share is $18.335460 [2] Distribution Details - The Fund may issue additional smaller distributions in the future if it is not feasible to distribute all assets in the primary liquidating distribution [2] - The liquidation is generally a taxable event for stockholders subject to U.S. federal income tax, with capital gains or losses realized based on the difference between the total liquidating distribution received and the stockholder's adjusted basis in the Fund's shares [2] Acknowledgments - The Board expressed gratitude to all stockholders for their support over the Fund's more than 40 years of operation [3]