News summary
Beijing Financial International's Hong Kong liquidation petition has been withdrawn, and the petitioner reached a settlement with the company, which was approved by the High Court.
Newsletter text
[Jingji Financial International's Hong Kong liquidation petition was settled and revoked] On May 9, Jingji Financial International announced that its Hong Kong liquidation petition against its company had been revoked. Previously, the petitioner filed a complaint with the Court of First Instance of the High Court of the Hong Kong Special Administrative RegionpennfierceiiispinningreelThe liquidation petition against Jingji Financial International was filed. However, the two parties reached a settlement on April 23, 2024 and obtained a unanimously agreed subpoena. Based on the settlement agreement, the parties agreed to seek an order to withdraw the previous liquidation petition and cancel the hearing originally scheduled for May 17, 2024. Subsequently, Jingji Financial International received a notice from the High Court on May 9 that the court had issued an authorization order in accordance with the summons agreed by both parties. According to the order, the Hong Kong liquidation petition against Jingji Financial International was officially withdrawn, marking an important development for the company in legal proceedings.
