ROAD KING INFRA (01098) Subsidiary New Select Faces Winding-Up Petition

Stock News
11/21

ROAD KING INFRA (01098) announced that on November 20, 2025, its wholly-owned subsidiary New Select Global Limited ("New Select") was served with a winding-up petition at the British Virgin Islands High Court of the Eastern Caribbean Supreme Court (Commercial Division). The petition relates to alleged unpaid principal amounting to $441,594,600 plus accrued interest on certain notes, for which New Select acts as one of the guarantors. The company is seeking legal advice and taking all appropriate measures, including maintaining constructive dialogue with the petitioner to resolve the matter. The board believes this petition will not have any material adverse impact on the overall business operations or financial condition of the company and its subsidiaries.

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