Brief: Emperor Culture Updates On Winding-Up Petition Against Emperor UA

Emperor Culture

26/07/2022 16:06

July 26 (Reuters) - Emperor Culture Group Ltd  0491.HK :
    * WINDING-UP PETITION AGAINST EMPEROR UA
    * HIGH COURT HAS GRANTED  PERMANENT FULL INJUNCTION ORDER
UNDER
INJUNCTION PROCEEDING IN FAVOUR OF EMPEROR UA
    * BOARD IS NOT AWARE THAT PETITION WOULD HAVE ANY MATERIAL
ADVERSE
IMPACT ON DAILY BUSINESS OPERATIONS, SOLVENCY OF GROUP AS A
WHOLE
    * HIGH COURT ORDER RESTRAINING PRESENTATION OF WINDING-UP
PETITION
BASED ON STATUTORY DEMAND IN RESPECT OF ALLEGED SHAREHOLDER LOAN
    * UA MINORITY SHAREHOLDER SHALL PAY EMPEROR UA'S LEGAL FEE
IN
RELATION TO INJUNCTION PROCEEDING
    * UA MINORITY SHAREHOLDER STARTED NEW COURT PROCEEDINGS BY
FILING
WINDING-UP PETITION AGAINST EMPEROR UA

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