According to the latest information from the Hong Kong Stock Exchange, shareholders of ZHONG JIA GX (00899) deposited shares with Yuan Ku Securities on August 15th, with a custody market value of HK$3.8463 million, representing 5.96% of the company's shares.
On July 16th, ZHONG JIA GX received a statutory demand issued by lawyers acting on behalf of creditors under Section 178(1)(a) or Section 327(4)(a) of the Companies (Winding Up and Miscellaneous Provisions) Ordinance, Chapter 32 of the Laws of Hong Kong. The demand (i) requires the company to pay creditors a total amount of HK$11.1234 million, representing outstanding service fees payable to creditors under service agreements entered into between the creditors and the company; and (ii) states that if the company fails to pay the amount or provide satisfactory security or payment arrangements to the creditors within three weeks of service of the statutory demand, the creditors may file a winding-up petition seeking a court order to wind up the company.
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