Contel Technology Subsidiaries Face Winding-Up Petitions in Hong Kong

Reuters
03/02
Contel Technology Subsidiaries Face Winding-Up Petitions in Hong Kong

Flyring Electronic Ltd. and IH Technology Ltd., both wholly owned subsidiaries of Contel Technology Co. Ltd., have received winding-up petitions filed by Ms. Feng Tao alleging unpaid debts of US$550,000 and RMB14 million plus interest under alleged loan agreements. Contel and the subsidiaries deny the allegations, dispute the existence of the debts, and are seeking legal advice to oppose and defend the petitions, which are scheduled for a High Court hearing on 6 May 2026.

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. Contel Technology Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260302-12033184), on March 02, 2026, and is solely responsible for the information contained therein.

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