China Ocean Group Development Ltd. has announced an update on its ongoing winding up petition. The High Court of Hong Kong has accepted an application by the company's representative barrister to adjourn the case, with the next hearing scheduled for May 26, 2025. The company has committed to providing further updates on any significant developments related to the petition. This announcement follows previous communications made by the company in February and September 2024, and April 2025, concerning the arbitration and winding up proceedings.
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