Huscoke Holdings Ltd. has announced an update regarding the winding-up petition filed against it by China Cinda (HK) Asset Management Co., Limited. The hearing, initially scheduled for June 9, 2025, has been postponed to August 25, 2025. Despite this adjournment, the Petitioner retains the right to restore the hearing with seven days' notice after June 2025. The company has actively engaged in negotiations with the Petitioner and reached an agreement on settlement terms, which is pending formal signing. The delay is due to the Petitioner, a preference shareholder in Whole Advance Limited, the controlling entity of Huscoke, adjusting the terms of its preference shares with Whole Advance. This adjustment, however, does not impact the settlement agreement between the Petitioner and Huscoke. Shareholders and potential investors are advised to exercise caution when dealing with the company's shares. Further updates will be provided as developments occur.
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