Imperial Pacific (01076) issued an announcement. Regarding the winding-up petition, on the date of this announcement, the company learned that the court had issued an order on Petition 2: allow the petitioner to withdraw Petition 2; and cancel the hearing on Petition 2 scheduled for January 17, 2024.
As of the date of this announcement, the High Court of Hong Kong has not issued any winding-up orders. The company is now actively seeking legal advice on Petition 1 and will take all effective rescue and relief measures, including but not limited to recommending debt restructuring plans to the company's creditors and seeking possible investment matters to raise capital for the company.