Wai Chun Group settles litigation with HK$4.19 million payment; High Court appeal and hearings to be vacated

Bulletin Express

May 07

Hong Kong – Wai Chun Group Holdings Limited announced that it has reached a global settlement with the plaintiff in ongoing High Court proceedings. On 30 April 2026, the company and the second defendant jointly paid HK$4.19 million to the plaintiff.

A consent summons, signed by legal representatives of both parties, seeks the High Court’s approval to: 1. Dismiss the appeal against the earlier judgment and the summons to adduce new evidence. 2. Vacate the scheduled hearings on 11 June 2026 and 5 August 2026.

The consent summons has already been filed with the High Court. Wai Chun Group will issue a further announcement once the court order is received.

The board advises shareholders and potential investors to exercise caution when trading the company’s shares. As of the announcement date, the board comprises one executive director and three independent non-executive directors.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1144675390"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1144675390\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1144675390?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-07 20:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1144675390","market":"hk","top_or_hot":-1,"title":"Wai Chun Group settles litigation with HK$4.19 million payment; High Court appeal and hearings to be vacated","media":"Bulletin Express","content":"<p>Hong Kong – Wai Chun Group Holdings Limited announced that it has reached a global settlement with the plaintiff in ongoing High Court proceedings. On 30 April 2026, the company and the second defendant jointly paid HK$4.19 million to the plaintiff.</p>\n<p>A consent summons, signed by legal representatives of both parties, seeks the High Court’s approval to:  \n1. Dismiss the appeal against the earlier judgment and the summons to adduce new evidence.  \n2. Vacate the scheduled hearings on 11 June 2026 and 5 August 2026.</p>\n<p>The consent summons has already been filed with the High Court. Wai Chun Group will issue a further announcement once the court order is received.</p>\n<p>The board advises shareholders and potential investors to exercise caution when trading the company’s shares. As of the announcement date, the board comprises one executive director and three independent non-executive directors.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wai Chun Group settles litigation with HK$4.19 million payment; High Court appeal and hearings to be vacated</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWai Chun Group settles litigation with HK$4.19 million payment; High Court appeal and hearings to be vacated\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2026-05-07 20:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Hong Kong – Wai Chun Group Holdings Limited announced that it has reached a global settlement with the plaintiff in ongoing High Court proceedings. On 30 April 2026, the company and the second defendant jointly paid HK$4.19 million to the plaintiff.</p>\n<p>A consent summons, signed by legal representatives of both parties, seeks the High Court’s approval to:  \n1. Dismiss the appeal against the earlier judgment and the summons to adduce new evidence.  \n2. Vacate the scheduled hearings on 11 June 2026 and 5 August 2026.</p>\n<p>The consent summons has already been filed with the High Court. Wai Chun Group will issue a further announcement once the court order is received.</p>\n<p>The board advises shareholders and potential investors to exercise caution when trading the company’s shares. As of the announcement date, the board comprises one executive director and three independent non-executive directors.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01013","symbol_name":"伟俊集团控股","start_time":0,"source_url":"","article_id":"1144675390","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1144675390","pubTimestamp":1778155471,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Hong Kong – Wai Chun Group Holdings Limited announced that it has reached a global settlement with the plaintiff in ongoing High Court proceedings. On 30 April 2026, the company and the second...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01013":"伟俊集团控股"},"translate_title":"伟俊集团支付419万港元和解诉讼；高等法院上诉及聆讯将予撤销","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01013":1},"content_text":"Hong Kong – Wai Chun Group Holdings Limited announced that it has reached a global settlement with the plaintiff in ongoing High Court proceedings. On 30 April 2026, the company and the second defendant jointly paid HK$4.19 million to the plaintiff.\nA consent summons, signed by legal representatives of both parties, seeks the High Court’s approval to:  \n1. Dismiss the appeal against the earlier judgment and the summons to adduce new evidence.  \n2. Vacate the scheduled hearings on 11 June 2026 and 5 August 2026.\nThe consent summons has already been filed with the High Court. Wai Chun Group will issue a further announcement once the court order is received.\nThe board advises shareholders and potential investors to exercise caution when trading the company’s shares. As of the announcement date, the board comprises one executive director and three independent non-executive directors.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"SGX","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}