Brief: IBO Technology Says Winding Up Petition

IBO Technology Co

27/07/2023 16:46

July 27 (Reuters) - IBO Technology  2708.HK :
    * WINDING UP PETITION
    * ON 24 JULY WINDING-UP PETITION WAS FILED BY INDIVIDUAL FOR
WINDING- UP OF COMPANY
    * WINDING-UP PROCEEDINGS OVER INDIVIDUAL'S CLAIM FOR
OUTSTANDING
DEBTS OVER BONDS IN PRINCIPAL AMOUNT OF HK$1.5 MILLION
    * WINDING-UP PETITION FILLED IN  COURT OF FIRST INSTANCE OF
HIGH
COURT OF HONG KONG SPECIAL ADMINISTRATIVE REGION
    * AS AT 24 JULY, CO IS ALLEGEDLY INDEBTED TO PETITIONER IN
AGGREGATE SUM OF HK$1.7 MILLION
    * IN COURSE OF SEEKING LEGAL ADVICE IN RELATION TO PETITION
    * PETITION HAS HAD NO MATERIAL IMPACT TO BUSINESS OPERATION
AND
FINANCIAL POSITION OF COMPANY
    * RISK THAT SHARES MAY BE RESTRICTED AS DEPOSITS OF SHARES
INTO
CENTRAL CLEARING AND SETTLEMENT SYSTEM MAY BE SUSPENDED DUE TO
PETITION

Further company coverage:  2708.HK 

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