RELIANCE GLO HL (00723) has announced that on March 31, 2026, its indirectly wholly-owned subsidiary, Huitong Minerals, entered into a sale agreement with the buyer, New Fuhua Development. Under the agreement, the company agreed to sell, and the buyer agreed to acquire, the entire interest in the fund for a cash consideration of HKD 31 million.

The fund in question is a segregated portfolio of CSC Wealth Asset Management SPC I, an exempted segregated portfolio company incorporated under the laws of the Cayman Islands. It is managed by CEFC Fuzhe Asset Management Limited, a company licensed by the Securities and Futures Commission to carry on regulated activities under the Securities and Futures Ordinance, specifically Type 4 (advising on securities) and Type 9 (asset management).

Huitong Minerals initially subscribed to the fund for treasury management purposes. Considering the group's recent financial requirements and the current unstable global political situation, the board of directors believes the disposal presents a favorable opportunity for the group to exit its investment in the fund.