Summary by Moomoo AI
China Sky Chemical announced on 6 March 2024 that it would prepare to pay the petitioners the relevant amount, if necessary, before the liquidation hearing on 25 March 2024, in order to revoke the liquidation petition and relieve market concerns. This move follows the Company's earlier announcement that its bonds were not issued by the Company, and Judge Oo Yang Hao Hong of the High Court of First Instance took too long to take into account the relevant evidence presented by the Company. THE COMPANY WILL UPDATE SHAREHOLDERS AND INVESTORS ON THE PROGRESS OF THE PETITION IN DUE COURSE. Shareholders and potential investors are reminded to exercise caution when trading shares.