Shen Ke, a former director of Times Universal Group (HKG:2310), filed a winding-up petition against the company on April 30 over the alleged non-payment of bond, a Thursday Hong Kong bourse filing said.
Shen holds a 3% coupon bond with a principal amount of HK$10 million that fell due on Nov. 16, 2024. The property manager is currently negotiating the extension of repayment and settlement terms with Shen.
The petition is scheduled to be heard by the Hong Kong High Court on July 9.
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