China Sinostar Group Company Limited (HK:0485) has released an update.
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China Sinostar Group Company Limited has been served with a winding-up petition by a bondholder over unsettled debts amounting to HK$3,901,904.03, with a hearing set for 31 July 2024. The company is currently consulting legal advisors and negotiating for a settlement, while warning shareholders and investors of potential void transactions post-petition date unless validated by the Hong Kong High Court. The company’s management urges caution when dealing with its shares during this period of uncertainty.
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