Thing On Enterprise Ltd. Announces Court-Directed Meeting for Proposed Scheme of Arrangement

Reuters

2025/07/17

Thing On Enterprise Ltd. Announces Court-Directed Meeting for Proposed Scheme of Arrangement

Thing On Enterprise Ltd. is currently undergoing a restructuring process as per the latest court directives. The Grand Court of the Cayman Islands has scheduled a Court Meeting for 25 August 2025 to consider a proposed scheme of arrangement between the company and its Scheme Shareholders. This meeting, to be chaired by Mr. Wong King Wai Kirk, an independent non-executive director, will take place at Pico Tower in Wan Chai, Hong Kong. Shareholders will have the opportunity to approve or modify the scheme, which aims to address the financial challenges faced by the company. The scheme is subject to the subsequent sanctioning by the Grand Court, as detailed in the Explanatory Memorandum included in the Scheme Document. The document has been made available to shareholders, who can also obtain it from Tricor Investor Services Limited in Hong Kong ahead of the meeting.

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. Thing On Enterprise Ltd. published the original content used to generate this news brief on July 17, 2025, and is solely responsible for the information contained therein.

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