TROOPS Inc. has announced that the hearing of a winding up petition filed against the company in the Cayman Islands has been adjourned. The Grand Court of the Cayman Islands granted a consent order to postpone the hearing until after the determination of a pending application in Hong Kong to stay execution of a judgment. The petition, brought by Real Estate and Finance Fund (in Liquidation), alleges that TROOPS Inc. is insolvent and unable to pay its debts.
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