Brief: Millennium Pacific Group receives winding up petition filed by Zhi, Charles
14/07/2016 15:05
July 14 (Reuters) - Millennium Pacific Group Holdings Ltd 8147.HK : * Winding up petition against the company * Company received petition filed by Zhi, Charles in court of first instance of high court of Hong Kong * Is currently seeking legal advice in respect of petition with a view to defend winding-up petition against company * Zhi, Charles as petitioner alleged that a unit was injected into co prior to IPO of company based on overstated valuations * Petitioner alleged that certain shareholders of co were engaged in illegal share pledge borrowing * Source text for Eikon ID:nHKS1X3nKC ((For more news, please click here 8147.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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