Times Universal Group Holdings Ltd. has reached a significant milestone in its winding-up petition process by entering into a Deed of Settlement with the Petitioner. On May 23, 2025, the company paid a Settlement Sum of HK$10,000,000 to the Petitioner, effectively settling all claims related to a 3% coupon unlisted and unsecured bond. This payment resolves the principal amount, interests, and associated costs. Following the settlement, the Petitioner is required to file a consent summons to withdraw the petition within five days. The company will continue to update shareholders and potential investors on any material developments.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Times Universal Group Holdings Ltd. published the original content used to generate this news brief on May 23, 2025, and is solely responsible for the information contained therein.