China Ocean Group Development Ltd. has announced an update on its ongoing winding up petition. The High Court of Hong Kong has accepted an application by the company's representative barrister to adjourn the case, with the next hearing scheduled for May 26, 2025. The company has committed to providing further updates on any significant developments related to the petition. This announcement follows previous communications made by the company in February and September 2024, and April 2025, concerning the arbitration and winding up proceedings.
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.