China Ecotourism Group Limited (HK:1371) has released an update.
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China Ecotourism Group Limited is facing a significant financial challenge after receiving a winding-up petition from a trustee representing bondholders over a substantial unpaid debt of HK$154,162,000 in principal and HK$14,562,142.52 in accrued interest. The petition will be heard in the Hong Kong High Court, with any company property dispositions after July 5, 2024, potentially being declared void without a validation order. Shareholders and investors are advised to exercise caution, and further announcements are expected as the company explores its legal options.
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