Design Capital Reports Shareholder Winding-up Update

Design Capital Limited (HK:1545) has released an update.

Design Capital Limited has issued an update on the winding-up application against their substantial shareholder, Lian Keng Enterprises Pte. Ltd., informing that the Singapore Court has ordered the winding up of Lian Keng but the process has been stayed for 30 days. An agreement in principle between the involved parties has been reached but not fully implemented, leading to a request for an extension of time. Shareholders and potential investors are cautioned to exercise care when dealing with the company’s securities.

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