China First Capital Group's Winding-Up Hearing's Substitution Application Adjourned

MT Newswires Live

2024/12/16

China First Capital Group (HKG:1269) said Hong Kong's High Court hearing on the new substitution application, which was originally set for Monday, been rescheduled to March 19, 2025, according to a Friday following with the Hong Kong bourse.

The company allegedly owes HK$10 million to a bondholder, which led to the winding up petition.

The company is seeking legal advice and will update shareholders and investors on developments regarding the petition, applications, and share transfer issues as needed.

The company's stocks were down by 5% at the close of trading.

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