Court Hearing Held for PACIFIC LEGEND's Winding-Up Petition, Ruling Reserved

Stock News

Aug 17

PACIFIC LEGEND (08547) has announced that the hearing for the winding-up petition took place on August 17, 2026, with the court reserving its judgment, and a specific date for the ruling has yet to be determined.

The company will issue further announcements to provide updates to its shareholders and investors when the decision is handed down.

After carefully considering advice from the company's legal counsel regarding the merits of the case, the board believes that: (i) the company has sufficient and valid grounds to defend against the claim; (ii) the company possesses a strong and well-founded defense against the allegations in the petition, noting that the related debt belongs to a subsidiary of the company and the petitioner is effectively pursuing the wrong legal entity; and (iii) aside from the amount involved in the claim, the board does not expect any other potential losses the company may face to be material.

The company is seeking legal advice on the matter and will issue further announcements in due course to inform its shareholders and investors of any significant developments regarding the petition.

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