Sunwah International Limited entered into a memorandum of understanding to acquire 51% stake in HFL Limited from three investment companies.

Sunwah International Limited is an investment holding company. The Company's segments include Investment in securities, which include investment in securities for treasury and liquidity management; Structured investment, which include investment in structured deals, including listed and unlisted equities, debt securities and investment properties; Brokerage, which provides securities, option, funds, futures and commodities brokerage services, margin and other financings and other related services; Corporate finance & capital markets, which provides financial advisory services to corporate clients and acting as underwriting and placing agent in the equity capital market; Asset management, which provides asset management and related advisory services to private equity funds and private clients, and Corporate and other activities, which provides management, administrative and corporate secretarial services, inter-group loan financing and intergroup office leasing.