TORONTO, July 30, 2015 /CNW/ - Sunwah International Limited,TSX: SWH (the "Company"), an Asian based financial services firm, announced today that the Toronto Stock Exchange ("TSX") has completed its listing review of the Company and has determined that Sunwah International satisfies TSX's listing requirements.
As announced in a Sunwah International press release dated April 20, 2015, the listing review was initiated following the completion of a recent insider bid, which resulted in a reduction of the public distribution of the Company's securities, temporarily impacting Sunwah International's compliance with TSX Continued Listing Requirements. This automatically triggered a review under the TSX's Remedial Review Process.
During the 120-day review period, Sunwah International successfully remedied the TSX's areas of concern, such as supporting adequate public distribution, pricing and trading activity of the Company's securities as well as its ability to maintain the minimum number of public security holders of a board lot.
About Sunwah International Limited
Sunwah International Limited (TSX: SWH) is a strategically positioned asset-based financial services provider, linking the global investment community with China's high growth economy. Founded in 1990 and backed by prominent Hong Kong based conglomerate, Sunwah Group, a key element of the Company's growth strategy involves identifying and advancing select international opportunities that are poised to benefit from proliferating consumerism in China and development in key areas of Southeast Asia. Sunwah International is uniquely positioned to capitalize on this demand and the global economic changes stemming from this shift, leveraging a 24-year track record and an extensive relationship/strategic investor network throughout Asia. The Company operates from six offices located in Hong Kong, Beijing, Shanghai, Shenzhen, Macau and Toronto.
The organization's primary Hong Kong based subsidiary, Sunwah Kingsway Capital Holdings Limited, is listed on the Stock Exchange of Hong Kong under the stock code 188. Sunwah Kingsway is licensed to provide a range of financial solutions in Hong Kong and abroad that include award-winning brokerage services and innovative corporate finance offerings.
The Company is listed on the Toronto Stock Exchange under the symbol SWH.
SOURCE Sunwah International Limited
For further information: Kristen Humphrey, Sunwah International Limited, (416) 888-2323, [email protected]