Summary by Moomoo AI
On 27 March 2024, Hope Education (Hippos International Holdings Limited) was petitioned to liquidate the London branch of Mellon Bank of New York, which was submitted to the High Court of the Hong Kong Special Administrative Region. The outstanding amount claimed by the petitioner is US$324,706,096.59, including unpaid principal and accrued interest. The liquidation hearing is scheduled for 19 June 2024. IN ADDITION, ANY DISPOSAL OR TRANSFER OF SHARES IN WISHING TO EDUCATE ASSETS WILL BE DEEMED INVALID UNLESS A COURT ORDER IS OBTAINED. The company has sought legal advice on this matter and will take the necessary action to protect the interests of the company and its stakeholders. The Company will continue to communicate with creditors to seek a settlement and will notify shareholders and investors of any significant developments.