Summary by Moomoo AI
On 10 January 2024, the High Court of Hong Kong issued a Liquidation Order against Li Gao Technology Limited. Mr Bei Chao Wing and Mr Iu Chi Leung of Ho Le Bei Accounting Firm Limited were appointed as temporary liquidators. This liquidation event is a development following the multiple announcement in 2023 of the amount of its default judgment and the petitions filed by Fu Chuen Trading Co., Ltd. As mentioned in the announcement of 6 June 2023, Liggo Ico contributes 7% to AGCO Group's total revenue, but its revenue contribution during this fiscal period has been minimal due to changes in market preferences. The IGO Group stated that the liquidation of Liggo Ico will not have a material impact on the Group's performance and operations and will provide timely information to shareholders and the public on the latest developments.