Dexin Services (HKG:2215) said controlling shareholder Hu Yiping was adjudged bankrupt by the High Court of the British Virgin Islands, according to a Wednesday Hong Kong bourse filing.

Hu ceased to be chairman of the company on April 28, the filing said.

Following the bankruptcy order, Hu's assets, including his interest in Shengfu International, will vest in the official receiver and/or trustee in bankruptcy, which may result in a future change in control of the company.

Dexin Services said the bankruptcy order was made against Hu personally rather than the group or its assets, and is not expected to have a significant impact on its operations or financial performance.