Contel said winding-up petitions have been filed against its wholly owned subsidiaries Flyring Electronics and IH Technology. The subsidiaries accounted for about 97% of group revenue and about 83% of total assets as of 30 September 2025. Contel said a Hong Kong High Court order extended the deadline for the subsidiaries to file opposition affirmations to 15 April 2026. The petitions are scheduled to be heard in the Hong Kong High Court on 6 May 2026.
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