ROAD KING INFRA (01098) Subsidiary New Select Faces Winding-Up Petition

Stock News

Nov 21

ROAD KING INFRA (01098) announced that on November 20, 2025, its wholly-owned subsidiary New Select Global Limited ("New Select") was served with a winding-up petition at the British Virgin Islands High Court of the Eastern Caribbean Supreme Court (Commercial Division). The petition relates to alleged unpaid principal amounting to $441,594,600 plus accrued interest on certain notes, for which New Select acts as one of the guarantors. The company is seeking legal advice and taking all appropriate measures, including maintaining constructive dialogue with the petitioner to resolve the matter. The board believes this petition will not have any material adverse impact on the overall business operations or financial condition of the company and its subsidiaries.

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The petition relates to alleged unpaid principal amounting to $441,594,600 plus accrued interest on certain notes, for which New Select acts as one of the guarantors. The company is seeking legal advice and taking all appropriate measures, including maintaining constructive dialogue with the petitioner to resolve the matter. The board believes this petition will not have any material adverse impact on the overall business operations or financial condition of the company and its subsidiaries.</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>ROAD KING INFRA (01098) Subsidiary New Select Faces Winding-Up Petition</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\">\nROAD KING INFRA (01098) Subsidiary New Select Faces Winding-Up Petition\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2025-11-21 17:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>ROAD KING INFRA (01098) announced that on November 20, 2025, its wholly-owned subsidiary New Select Global Limited (\"New Select\") was served with a winding-up petition at the British Virgin Islands High Court of the Eastern Caribbean Supreme Court (Commercial Division). The petition relates to alleged unpaid principal amounting to $441,594,600 plus accrued interest on certain notes, for which New Select acts as one of the guarantors. The company is seeking legal advice and taking all appropriate measures, including maintaining constructive dialogue with the petitioner to resolve the matter. The board believes this petition will not have any material adverse impact on the overall business operations or financial condition of the company and its subsidiaries.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1567","symbol_name":"公路及铁路股","start_time":0,"source_url":"","article_id":"1194908071","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1194908071","pubTimestamp":1763715616,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"ROAD KING INFRA (01098) announced that on November 20, 2025, its wholly-owned subsidiary New Select Global Limited (\"New Select\") was served with a winding-up petition at the British Virgin Islands...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1567":"公路及铁路股","BK1240":"房地产开发","01098":"路劲"},"translate_title":"路劲基建(01098)附属公司New Select面临清盘呈请","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01098":1},"content_text":"ROAD KING INFRA (01098) announced that on November 20, 2025, its wholly-owned subsidiary New Select Global Limited (\"New Select\") was served with a winding-up petition at the British Virgin Islands High Court of the Eastern Caribbean Supreme Court (Commercial Division). The petition relates to alleged unpaid principal amounting to $441,594,600 plus accrued interest on certain notes, for which New Select acts as one of the guarantors. The company is seeking legal advice and taking all appropriate measures, including maintaining constructive dialogue with the petitioner to resolve the matter. The board believes this petition will not have any material adverse impact on the overall business operations or financial condition of the company and its subsidiaries.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}