Strong Petrochemical's Winding-Up Petition Gets Hearing Date

MT Newswires Live

01-29

A winding-up petition by Strong Petrochemical Holdings (HKG:0852) will be heard in the Grand Court of the Cayman Islands on Jan. 31.

The petition was filed by CEO Yao Guoliang against Speed Success Group due to the loss of confidence in the management of Speed Success under the influence of executive director Wang Jian Sheng, according to a supplemental filing with the Hong Kong Exchange on Tuesday.

Yao resigned from the company later.

Price (HKD): $0.17, Change: $-0.012, Percent Change: -6.74%

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