New Sparkle Roll International Settles HK$4.3 Million Litigation

Reuters

Dec 05, 2025

New Sparkle Roll International Settles HK$4.3 Million Litigation

New Sparkle Roll International Group Ltd. has reached a settlement in ongoing litigation related to a loan dispute. The company had previously entered into a loan agreement with HK Huibo International Trading Limited for a principal amount of HK$58 million, secured by a personal guarantee from Mr. Thomas Shie. Due to limited prospects of recovery through enforcement or bankruptcy proceedings, the company has agreed to settle the matter for a total sum of HK$4.3 million under a deed of settlement and guarantee signed on December 5, 2025. This settlement allows for immediate recovery and avoids further costs and uncertainties associated with ongoing litigation or insolvency processes. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Sparkle Roll International Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251205-11946654), on December 05, 2025, and is solely responsible for the information contained therein.

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.

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The company had previously entered into a loan agreement with HK Huibo International Trading Limited for a principal amount of HK$58 million, secured by a personal guarantee from Mr. Thomas Shie. Due to limited prospects of recovery through enforcement or bankruptcy proceedings, the company has agreed to settle the matter for a total sum of HK$4.3 million under a deed of settlement and guarantee signed on December 5, 2025. This settlement allows for immediate recovery and avoids further costs and uncertainties associated with ongoing litigation or insolvency processes. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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The company had previously entered into a loan agreement with HK Huibo International Trading Limited for a principal amount of HK$58 million, secured by a personal guarantee from Mr. Thomas Shie. Due to limited prospects of recovery through enforcement or bankruptcy proceedings, the company has agreed to settle the matter for a total sum of HK$4.3 million under a deed of settlement and guarantee signed on December 5, 2025. This settlement allows for immediate recovery and avoids further costs and uncertainties associated with ongoing litigation or insolvency processes. 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Due to limited prospects of recovery through enforcement or bankruptcy proceedings, the company has agreed to settle the matter for a total sum of HK$4.3 million under a deed of settlement and guarantee signed on December 5, 2025. This settlement allows for immediate recovery and avoids further costs and uncertainties associated with ongoing litigation or insolvency processes. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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