IBO Technology Company Limited, currently in liquidation, has announced continued suspension of trading in its shares on the Hong Kong Stock Exchange, effective since April 2024. The company has entered into a restructuring agreement with an investor, who has injected substantial capital to support the proposed restructuring and potential resumption of trading. An application has been made to the High Court of Hong Kong to convene a meeting of creditors to consider a scheme of arrangement under section 670 of the Companies Ordinance. Shareholders and potential investors are advised to exercise caution when dealing with the company's shares, and further updates will be provided as appropriate.
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