China Ocean Group Development Ltd. Deposits HK$5.45 Million, Seeks to Withdraw Winding Up Petition at May 26 Hearing

Reuters
05-23
China <a href="https://laohu8.com/S/1B6.SI">Ocean</a> Group Development Ltd. Deposits HK$5.45 Million, Seeks to Withdraw Winding Up Petition at May 26 Hearing

China Ocean Group Development Ltd. has announced an update regarding the winding up petition against the company. Following previous announcements, the company has deposited HK$5.45 million into the account of its legal representative, aiming to facilitate the withdrawal of the petition. The company plans to request the petitioner to withdraw the petition at a hearing on May 26, 2025. This process will involve administrative procedures such as filing a consent summons to the High Court. China Ocean Group Development Ltd. has committed to keeping the public informed of any significant developments related to the petition.

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. China Ocean Group Development Ltd. published the original content used to generate this news brief on May 23, 2025, and is solely responsible for the information contained therein.

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