Kingkey Financial International Announces Sale of Entire Stake in Trade Region Limited

Reuters09-30
Kingkey Financial International Announces Sale of Entire Stake in Trade Region Limited

Kingkey Financial International (Holdings) Limited has announced the sale of its entire issued share capital of Trade Region Limited. According to the company, the transaction was formalized through a conditional sale and purchase agreement with Scandinavia Agricultural A/S Limited, a British Virgin Islands-incorporated company wholly owned by Ms. Cheung Mau Hung. Following completion of the disposal, the financial results of Trade Region Limited and its subsidiaries will no longer be consolidated into the group's financial statements. Kingkey Financial International (Holdings) Limited is principally engaged in securities brokerage, margin financing, underwriting, insurance brokerage, asset management, money lending services, and digital sales platform development for the insurance industry.

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