Flyring Electronic Ltd. and IH Technology Ltd., both wholly owned subsidiaries of Contel Technology Co. Ltd., have received winding-up petitions filed by Ms. Feng Tao alleging unpaid debts of US$550,000 and RMB14 million plus interest under alleged loan agreements. Contel and the subsidiaries deny the allegations, dispute the existence of the debts, and are seeking legal advice to oppose and defend the petitions, which are scheduled for a High Court hearing on 6 May 2026.
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