Hong Kong-listed Imperial Pacific International (IPI) announces that it is facing two winding-up petitions in Hong Kong.
According to Wednesday’s filing, the Saipan-based Imperial Pacific International mentioned that the company received a winding-up petition filed by Mr. Guan Chubin with the High Court of Hong Kong, on the basis of the alleged failure by the company to settle the judgment amount of HK$20.8 million ($2.7 million), together with interest and cost. The hearing for the petition is scheduled to be heard on 22 November 2023.
On 3 October 2023, IPI received another winding-up petition that was filed by Wang Yi with the High Court of Hong Kong, on the basis of the alleged failure by the company to settle the judgment amount of HK$5.3 million ($680,000), together with interest and cost. The hearing for the second petition is scheduled to be heard on 6 December 2023.
‘The company is considering its options and seeking professional advice in relation to the Petitions.’
Trading in the shares of the IPI on the Stock Exchange has been suspended with effect from April 1st, 2022 and will remain suspended until further notice.
