Winding-Up Hearing Against Huscoke Further Adjourned; Shares Slide 10%
MT Newswires Live
Aug 26
Huscoke Holdings (HKG:0704) said the hearing of a winding-up petition filed by China Cinda (HK) Asset Management has been postponed to Nov. 24 from Aug. 25, according to a Monday Hong Kong bourse filing.
Shares of the Coke producer fell nearly 10% in Tuesday afternoon trade.
The petition, lodged in 2024 over about HK$200 million in debt plus interest, remains subject to restoration with seven days' notice, the filing said.
Huscoke said its controlling shareholder, Whole Advance, is renegotiating preference share terms, with the settlement agreement to be signed once that process is completed.
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