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Sunwah Kingsway Capital Holdings Limited ( (HK:0188) ) has provided an announcement.
Sunwah Kingsway Capital Holdings Limited announced the disposal of 100,000 Alibaba shares through on-market transactions, generating approximately HK$10,849,000. This move allows the company to realize cash resources for general working capital and potential future investments, while also securing a gain of approximately HK$1 million. The transactions were deemed fair and in the best interest of the company and its shareholders.
The most recent analyst rating on (HK:0188) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Sunwah Kingsway Capital Holdings Limited stock, see the HK:0188 Stock Forecast page.
More about Sunwah Kingsway Capital Holdings Limited
Sunwah Kingsway Capital Holdings Limited operates in the financial services industry, providing a range of services including securities and commodities broking, corporate finance, asset management, money lending, property investment, and proprietary investments.
Average Trading Volume: 406,141
Technical Sentiment Signal: Buy
Current Market Cap: HK$201.5M
For a thorough assessment of 0188 stock, go to TipRanks’ Stock Analysis page.