TORONTO, Feb. 1 /CNW/ - Sunwah International Limited ("SWH" or the "Company") is pleased to announce the formation of its asset management arm, Sunwah International Asset Management ("SIAM").  SIAM will be a global fund platform bringing an Asian perspective to emerging and growth markets. The SIAM platform will operate on the "family of funds" model. SIAM will recruit world-class fund managers, gather and expand assets and identify investment opportunities. All of the funds will carry the "Sunwah" brand.

The Sunwah funds will include a series of private equity funds each focusing on different segments and/or regions. SIAM's near-term AUM target is USD$500 million with a medium-term AUM target of USD$1+ billion. 

"We are very excited about the new opportunities SIAM will bring to the group," Douglas Betts, CEO of SWH, comments. "The SIAM model will provide SWH with opportunities to participate in the private equity space via co-investments and exposure to diversified investment strategies. The creation of SIAM is also a synergistic move for the Group as we expect our Hong Kong based subsidiary, SW Kingsway Capital (HKEx: 188) to benefit from increased fee based revenues generated through participation in transactions generated by Fund investees".

William (Bill) Majcher has joined SIAM as Managing Director and CEO and is tasked with aggressively expanding the asset base.  Bill comes to SIAM with a broad range of capital markets experience on both the regulatory side as a 22 year veteran of the Royal Canadian Mounted Police, and as a Eurobond trader, Futures & Options Trader, Executive Director of a HK listed investment Fund, and as a Director of an Asian focused Absolute Return Fund. Until joining SIAM, Bill was the Managing Director of international business for a HK based merchant bank specializing in outbound Chinese M&A and Advisory.

Co-managing SIAM with Majcher is New Zealand born Chartered Accountant Damian O'Brien who brings 20 years experience operating a broad range of diverse businesses.  Damian co-founded Artefact Partners, a London-based fund advisory business managing global mandates for hedge funds, private high net worth individuals and institutional investors.  Damian brings a wealth of experience in rolling out start-up investment businesses. 

"Backed by the Sunwah Group, a 54-year old Hong Kong based conglomerate, SIAM is in a unique position to provide fund managers with all non-investment related functions so they can concentrate their efforts on fund management," Majcher notes.  "SIAM provides the managers access to global capital, fund marketing, investor relations, risk management, compliance, and systems & administration, amongst other advantages.  The SIAM funds are attractive to investors because of the caliber of the managers and the investment opportunities that can be identified through the Sunwah Group and SWH connections.  We are confident that SIAM will be able to leverage on Sunwah Group's extensive network and financial strength to create a successful platform that will add value to SWH and its shareholders."

SIAM is currently in negotiation with several leading global fund managers with impressive track records and management teams. Initial targets for these funds will be investors from Asia, Europe and Middle East.  The first SIAM fund is expected to be launched in the first calendar quarter 2011.

About Sunwah International Limited, formerly Kingsway International Holdings Limited

Sunwah International is a strategically positioned asset-based financial services provider, linking the global investment community with China's high growth economy.  Leveraging a 20-year track record and significant relationships throughout Asia, Sunwah International is now positioned into three integrated divisions: Capital Markets Group, consisting of brokerage and financial services, including investment banking; Strategic Investment Group, a merchant bank focused on mining and natural resources; and an Asset Management Group specializing in private equity funds. The organization's primary subsidiary, SW Kingsway Capital Holdings Limited ("SWK"), is based in Hong Kong and listed on The Stock Exchange of Hong Kong. The SWK group of companies comprises Sunwah International's primary operating subsidiaries and is licensed to provide a range of financial services.  Sunwah International operates from five offices located in Hong Kong, Beijing, Shanghai, Shenzhen and Toronto. 

China is widely recognized as an increasingly important player on the world's financial stage.  As the country continues to grow, its greatest needs will lie in energy and resources.  Following a recent restructuring, the Company is positioned as a middle tier provider of financial services in these sectors and an opportunistic investor in these and related sectors.  Sunwah International's strategy is to use investment activities strategically to generate advisory services revenue while creating value for its shareholders through asset accumulation.  

Founded in 1990, the Company is listed on the main board of the Toronto Stock Exchange under the symbol SWH.  

Forward-Looking Statements 

This news release contains forward-looking statements that are based on the beliefs of management of the Company and reflect the Company's current expectations. In certain cases, forward-looking information can be identified by the use of words such as "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may", "should", "will", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".

Forward-looking information contained in this news release includes information relating to the proposed activities of SIAM.  Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Material factors or risks which could cause actual results or events to differ materially from a conclusion in such forward-looking information include the risks that the Company may not be able to obtain the necessary regulatory approvals. The Company cautions that the foregoing list of material factors is not exhaustive and is subject to change. For additional information with respect to certain of these and other factors, refer to the risk factors section of the Company's management's discussion and analysis dated November 12, 2010 for the periods ended September 30, 2010 filed with the Canadian securities regulators, which is available on SEDAR at The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time, except as required by law.

SOURCE Sunwah International Limited

For further information:

Gary Quedado, Sunwah International Limited, (416) 861-3099 Ext. 238,


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