Hong Kong Court Names Liquidators for IBO Technology

MT Newswires Live

2025/01/16

The Hong Kong High Court, on Jan. 4, appointed Lai Kar Yan (Derek) and Chan Man Hoi (Ivan) as joint and several liquidators of IBO Technology (HKG:2708), a Wednesday bourse filing said.

Lai Tse Ming has also resigned as chairman and executive director of the RFID tag maker effective Dec. 2, 2024, to devote his attention to other commitments.

The firm was slapped with a winding-up petition in July 2023 over the alleged non-payment of HK$1.7 million in debt.

Trading in the shares of the firm, which has been suspended since April 29, remains suspended.

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