Redsun Services' Controlling Stake Placed Under Receivership

MT Newswires Live

Oct 24

Redsun Services (HKG:1971) said 72.77% of its shares have been placed under receivership after Serica Agency Limited moved to enforce a share pledge made by controlling shareholder Redsun Services Group (Holdings), according to a Friday Hong Kong bourse filing.

The enforcement involves 301.99 million pledged shares, with Wong Wing Sze Tiffany and Edward Simon Middleton appointed as joint receivers and managers over the stake.

Redsun Holdings is seeking legal advice to protect its interests, while the company said it is obtaining its own legal counsel.

Redsun Services said its operations and financial position remain normal, adding that the matter has no significant impact on its business or solvency.

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.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2577511375"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2577511375\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2577511375?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-10-24 09:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2577511375","market":"sh","top_or_hot":-1,"title":"Redsun Services' Controlling Stake Placed Under Receivership","media":"MT Newswires Live","content":"<html><body><p> Redsun Services (HKG:1971) said 72.77% of its shares have been placed under receivership after Serica Agency Limited moved to enforce a share pledge made by controlling shareholder Redsun Services Group (Holdings), according to a Friday Hong Kong bourse filing.</p><p>The enforcement involves 301.99 million pledged shares, with Wong Wing Sze Tiffany and Edward Simon Middleton appointed as joint receivers and managers over the stake.</p><p>Redsun Holdings is seeking legal advice to protect its interests, while the company said it is obtaining its own legal counsel.</p><p>Redsun Services said its operations and financial position remain normal, adding that the matter has no significant impact on its business or solvency.</p></body></html>","source":"mtnewswires_news","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>Redsun Services' Controlling Stake Placed Under Receivership</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\">\nRedsun Services' Controlling Stake Placed Under Receivership\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-10-24 09:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Redsun Services (HKG:1971) said 72.77% of its shares have been placed under receivership after Serica Agency Limited moved to enforce a share pledge made by controlling shareholder Redsun Services Group (Holdings), according to a Friday Hong Kong bourse filing.</p><p>The enforcement involves 301.99 million pledged shares, with Wong Wing Sze Tiffany and Edward Simon Middleton appointed as joint receivers and managers over the stake.</p><p>Redsun Holdings is seeking legal advice to protect its interests, while the company said it is obtaining its own legal counsel.</p><p>Redsun Services said its operations and financial position remain normal, adding that the matter has no significant impact on its business or solvency.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1229","symbol_name":"房地产经营公司","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2577511375","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2577511375","pubTimestamp":1761269204,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Redsun Services  said 72.77% of its shares have been placed under receivership after Serica Agency Limited moved to enforce a share pledge made by controlling shareholder Redsun Services Group , according to a Friday Hong Kong bourse filing.The enforcement involves 301.99 million pledged shares, with Wong Wing Sze Tiffany and Edward Simon Middleton appointed as joint receivers and managers over the stake.Redsun Holdings is seeking legal advice to protect its interests, while the company said it is obtaining its own legal counsel.Redsun Services said its operations and financial position remain normal, adding that the matter has no significant impact on its business or solvency.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1229":"房地产经营公司","BK1258":"房地产运营公司","01971":"弘阳服务"},"translate_title":"弘阳服务的控股权被接管","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01971":1},"content_text":"Redsun Services (HKG:1971) said 72.77% of its shares have been placed under receivership after Serica Agency Limited moved to enforce a share pledge made by controlling shareholder Redsun Services Group (Holdings), according to a Friday Hong Kong bourse filing.The enforcement involves 301.99 million pledged shares, with Wong Wing Sze Tiffany and Edward Simon Middleton appointed as joint receivers and managers over the stake.Redsun Holdings is seeking legal advice to protect its interests, while the company said it is obtaining its own legal counsel.Redsun Services said its operations and financial position remain normal, adding that the matter has no significant impact on its business or solvency.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}