Gelonghui September 5th 丨First Holdings Group (01269.HK) announcedThe content relates to a petition for winding-up of a company. Regarding the necessity of applying for an approval order, the company has instructed its legal representative to negotiate with the petitioner to withdraw the petition. If it goes well, there is no need to apply for an approval order.
At the date of the announcement, the company had no plans to sell any of its properties, nor had it received any request to transfer physical shares representing the legal ownership of its shares. Therefore, the company believes there is currently no need to apply for an approval order for any share transfer or change in membership status. If any registered shareholder of the company intends to apply for an approval order relating to the transfer, the company will take a neutral stance on the application.
The company will monitor the progress of the process and discuss with its legal adviser whether it is necessary for the company to apply for an approval order and the timing of the application.