Summary by Futu AI
Ding Fung Group Motor Co., Ltd. (“Ding Fung Group Automobiles”) filed a consent petition with the High Court on 10 January 2024, requesting an adjournment of the liquidation petition hearing originally scheduled for 22 January 2024. The deferred application is intended to await the outcome of the company's application for a proposed debt restructuring. The Court ordered on 16 January 2024 to adjourn the hearing until no earlier than 6 May 2024. Ding Fung Group Automobiles will further announce to the public any significant progress regarding the liquidation petition and the proposed debt restructuring. The Company reminds shareholders and potential investors that transactions under the proposed restructuring may not be consumable and require approval from shareholders, creditors, regulators and courts.