DivestmentJun 25, 2026, 04:07 PM
Top KingWin Closes Divestment of Subsidiary for $218,100
AI Summary
Top KingWin Ltd announced the closing of a disposition where its wholly-owned indirect subsidiary, Sky KingWin (HK) Limited, sold Guangdong Tiancheng Jinhui Enterprise Development Group Co., Ltd. to Junze Management Co., Limited. The transaction, which involved a cash consideration of US$218,100, was completed on June 18, 2026. As a result, Junze Management Co., Limited is now the sole shareholder of the divested subsidiary, assuming all its assets and liabilities.
Key Highlights
- Top KingWin Ltd's indirect subsidiary, Sky KingWin (HK) Limited, completed the disposition.
- The disposition involved the sale of Guangdong Tiancheng Jinhui Enterprise Development Group Co., Ltd.
- The purchaser was Junze Management Co., Limited, an unaffiliated company.
- The cash consideration for the sale was US$218,100.
- The transaction closed on June 18, 2026, after all closing conditions were met.
- Following the closing, the purchaser became the sole shareholder of the Target.
Price Impact
More from WAI