International Business Settlement Holdings Limited (IB Settlement) has entered into a deed of settlement to resolve a long-running potential claim arising from the compulsory liquidation of its wholly owned subsidiary, International Business Settlement Limited.

Signed on 8 May 2026, the agreement involves IB Settlement and the joint and several liquidators of the subsidiary—Mr Osman Mohammed Arab and Mr Wong Kwok Keung of Acclime Corporate Advisory (Hong Kong) Limited.

Key terms show the liquidators will submit the settlement to the High Court of Hong Kong under section 199 of the Companies (Winding Up and Miscellaneous Provisions) Ordinance and seek court approval within two years. Upon approval, IB Settlement will pay HK$14.00 million, substantially below the alleged claim amount of more than HK$30 million, which included a principal balance of USD2.98 million plus accrued interest and legal expenses.

The board stated that settling now will cut further time and legal costs and that the HK$14.00 million outlay will not materially affect the group’s financial position. Additional updates will be released if significant developments occur.

Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.