Brief: Space Group Holdings Announces Inside Information Winding Up Petition

Space group

12/09/2023 14:52

Sept 12 (Reuters) - Space Group Holdings Ltd  2448.HK :
    * INSIDE INFORMATION WINDING UP PETITION
    * PETITION IN RELATION TO DEMAND FOR REPAYMENT OF PRINCIPAL
AMOUNT
AND INTEREST ACCRUED OF BOND IN AGGREGATE AMOUNT OF HK$34
MILLION
    * HAVE ENGAGED LEGAL ADVISERS TO PROVIDE LEGAL ADVICE FOR
DETERMINING POSSIBLE ACTIONS IN RESPECT OF PETITION
    * WILL OPPOSE PETITION VIGOROUSLY AND INTEND TO OBTAIN
NECESSARY
VALIDATION ORDER FROM HIGH COURT
    * ON 4 SEPTEMBER , WINDING-UP PETITION FROM HUANG BINGCHEN
FILED
WITH COURT OF FIRST INSTANCE
    * INTENDS TO CONTINUE PROACTIVELY COMMUNICATING AND WORKING
WITH
PETITIONER ON RESTRUCTURING PLAN
    * UP TO SPET 12, PETITION HAS NO MATERIAL IMPACT ON BUSINESS
AND
NORMAL OPERATIONS OF CO


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