Gelonghui, January 8, 丨 Titan Zhihua Technology (00872.HK) announced that on January 4, 2024, the company received a winding-up petition (“Petition”) from the lender to the Hong Kong High Court under the Companies (Liquidation and Miscellaneous Provisions) Ordinance (“Liquidation Ordinance”), dated December 29, 2023 (“Liquidation Ordinance”).
The petition was submitted based on the company's liability under the financing agreement, involving the principal amount of the outstanding loan and its accrued interest. The petition will be heard in the Hong Kong High Court at 9:30 a.m. on March 13, 2024.