Longling Capital Ltd Acquires Majority Stake in China New Economy Fund Ltd; Trading Resumes

Reuters

Jul 17

Longling Capital Ltd Acquires Majority Stake in <a href="https://laohu8.com/S/CNER">China New</a> Economy Fund Ltd; Trading Resumes

China New Economy Fund Limited has announced a significant transaction involving the acquisition of a majority shareholding by Longling Capital Ltd. This development includes mandatory unconditional cash offers made by Kingston Securities on behalf of Longling Capital Ltd for all issued shares in China New Economy Fund Limited, as well as the cancellation of all outstanding share options not owned or agreed to be acquired by the offeror. The company has stated its intention to maintain its current equity investment business and expand into licensed wealth management activities. Additionally, China New Economy Fund Limited plans to introduce strategic investors to support investments in technology incubators in the PRC and Hong Kong, with a focus on increasing early-stage equity investments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China New Economy Fund Ltd. published the original content used to generate this news brief on July 17, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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