Road King Faces Liquidation Application Over US$441 Million Debt

Reuters

2025/11/21

Road King Faces Liquidation Application Over US$441 Million Debt

Road King Infrastructure Limited has announced that a liquidation application was filed on 20 November 2025 against its wholly-owned subsidiary, New Select Global Limited, in the High Court of Justice of the Virgin Islands. The application concerns notes with an alleged outstanding principal amount of US$441.6 million plus accrued interest, for which New Select is a guarantor. The company stressed that, as of the announcement date, no liquidation order has been granted and the application does not represent a successful winding-up of New Select. Road King Infrastructure Limited's board believes the application has no material adverse impact on the group's overall business operations or financial position. The company is seeking legal advice and will continue to engage with the petitioner while keeping shareholders informed of significant developments. Stakeholders are advised to exercise caution when dealing in the company's securities.

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. Road King Infrastructure Limited published the original content used to generate this news brief on November 21, 2025, and is solely responsible for the information contained therein.

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The application concerns notes with an alleged outstanding principal amount of US$441.6 million plus accrued interest, for which New Select is a guarantor. The company stressed that, as of the announcement date, no liquidation order has been granted and the application does not represent a successful winding-up of New Select. <a href=\"https://laohu8.com/S/RKGXY\">Road King Infrastructure</a> Limited's board believes the application has no material adverse impact on the group's overall business operations or financial position. The company is seeking legal advice and will continue to engage with the petitioner while keeping shareholders informed of significant developments. Stakeholders are advised to exercise caution when dealing in the company's securities.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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. Road King Infrastructure Limited published the original content used to generate this news brief on November 21, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00610","symbol_name":"惠記集團","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251121:nNDL1bJSPw:1","article_id":"2585113002","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2585113002","pubTimestamp":1763715491,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Road King Infrastructure Limited has announced that a liquidation application was filed on 20 November 2025 against its wholly-owned subsidiary, New Select Global Limited, in the High Court of Justice of the Virgin Islands. The application concerns notes with an alleged outstanding principal amount of US$441.6 million plus accrued interest, for which New Select is a guarantor. The company stressed that, as of the announcement date, no liquidation order has been granted and the application does not represent a successful winding-up of New Select. Road King Infrastructure Limited's board believes the application has no material adverse impact on the group's overall business operations or financial position. The company is seeking legal advice and will continue to engage with the petitioner while keeping shareholders informed of significant developments. 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The company stressed that, as of the announcement date, no liquidation order has been granted and the application does not represent a successful winding-up of New Select. Road King Infrastructure Limited's board believes the application has no material adverse impact on the group's overall business operations or financial position. The company is seeking legal advice and will continue to engage with the petitioner while keeping shareholders informed of significant developments. Stakeholders are advised to exercise caution when dealing in the company's securities.\n      \n\nDisclaimer: 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. 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