On 22 October 2025, a winding-up petition was filed against Realord International Financial Limited (RIF)—a wholly-owned subsidiary of Realord Group Holdings Limited (1196)—in the High Court of Hong Kong. The petition, made by an individual Petitioner, seeks to wind up RIF under the relevant legal provisions and is scheduled for hearing on 7 January 2026.

According to the announcement, the petition relates to an outstanding payment of HK$12 million under a sale and purchase agreement dated 27 December 2018. As of the date of the announcement, no winding-up order has been granted, and legal advice is being sought to address the matter. The announcement indicates that this claimed amount is not expected to have a significant adverse effect on the operations or financials of the group.

RIF is an investment holding company focused on corporate finance advisory, asset management, securities brokerage, money lending, and margin financing. For the year ended 31 December 2024, RIF accounted for approximately 30.9% of the group’s revenue of HK$428.4 million, and around 5.5% of the group’s total assets of HK$18,988.5 million.