Skyfame Realty (Holdings) (HKG:0059) said a winding-up petition against the company filed by a bondholder has been withdrawn, according to a Wednesday filing with the Hong Kong Exchange.
The development comes two months after the property developer disclosed in early February that a bondholder had initiated winding-up proceedings against the company over alleged unpaid bonds worth HK$7 million plus accrued interest of HK$2.8 million.
Skyfame Realty is currently undergoing provisional liquidation.
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.