DXN China (02019) Receives Liquidation Petition

Zhitong Finance ·  Mar 21 09:07

Zhitong Finance App News, Dexin China (02019) issued an announcement. The company notes that China Construction Bank (Asia) Co., Ltd. (Petitioner) has filed a winding-up petition against the company with the Hong Kong Special Administrative Region High Court of China on March 20, 2024, relating to the failure to pay 9.95% senior notes due in December 2022 and accrued interest issued by the company.

As of the date of this announcement, the High Court has not held any hearing on the petition or issued a winding-up order against the company. A hearing on the petition is scheduled for June 5, 2024.

The company is currently seeking legal advice on the appropriate course of action for the petition and will take all necessary actions to protect its legal rights and the overall interests of the company and shareholders. The company will also endeavor to maintain communication with the petitioner to resolve the petition amicably.

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