Winding-Up Petition Hearing for WATER INDUSTRY (01129) Adjourned to April 29

Stock News
03/24

WATER INDUSTRY (01129) announced that, following a joint application submitted via a consent summons, the court has issued an order, among other matters, adjourning the petition hearing to Wednesday, April 29, 2026. As of the date of this announcement, the court has not issued a winding-up order to liquidate the company. As previously disclosed in related announcements, the company is currently engaged in amicable discussions with the petitioner regarding the settlement of outstanding payments due. It will also actively explore any feasible repayment plans with supporting creditors. The company is committed to maintaining proactive and constructive communication with the petitioner and these supporting creditors. Acting on the principle of fairness to other creditors, it will engage in friendly negotiations to properly resolve the matter, including striving to secure the withdrawal of the petition as soon as possible.

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