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Road King Infrastructure Ltd informed stock exchanges that the winding up application filed against New Select has been adjourned. The matter will now be heard on March 16. The company disclosed the update in a regulatory filing, without sharing further details on the grounds of the petition. Road King, listed in Hong Kong, continues to update investors on legal proceedings as part of its compliance requirements. The development comes amid ongoing scrutiny of corporate legal matters in the property and infrastructure space.
Road King Infrastructure Ltd stated in a regulatory filing that the winding up application filed against New Select has been adjourned. The company informed that the matter is now scheduled to be heard on March 16.
The Hong Kong-listed developer shared the update with the stock exchange, confirming that the court has deferred the hearing of the petition. No additional details were disclosed regarding the nature of the claims or the background of the winding up plea.
Road King Infrastructure Ltd, listed under the code 1098.HK, operates across property development and infrastructure investment segments. In recent years, several property-linked entities in Hong Kong and mainland China have faced winding up petitions amid liquidity stress, making such disclosures significant for investors and lenders.
The company did not indicate any financial impact arising from the adjournment at this stage. It also did not clarify whether discussions or settlements are underway in relation to the petition.
Further company coverage under 1098.HK is expected as the matter progresses, with the next hearing set for March 16.
Source Reuters
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