SUPERACTIVE GP (00176) Receives Court Summons and Continues Trading Suspension

Stock News
2025/10/24

SUPERACTIVE GP (00176) announced that the company (as the defendant) has received a summons issued by the High Court of the Hong Kong Special Administrative Region, dated October 21, 2025. The summons was issued by lawyers representing Fengxing Limited (as the plaintiff) against the company. As detailed in the claim statement attached to the summons, the plaintiff is seeking to recover HKD 547 million (outstanding amount) from the company, which includes the principal amount of the outstanding bonds owed as of October 19, 2025, along with accrued contractual interest and default interest. The plaintiff is also claiming default interest on the outstanding amount at an annual rate of 25% from October 20, 2025, until the full payment date, as well as any further interest, legal costs, and/or other relief deemed appropriate by the court. The company's shares have been suspended from trading on the Hong Kong Stock Exchange since 9:00 AM on April 1, 2025, and will remain suspended.

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