Summary by Futu AI
Keik Financial International (Holdings) Limited (“KEI Finance”) held a hearing on 6 March 2024 in the Court of Cayman appointing a joint provisional liquidator and obtained a pending order from Judge Asif KC. The order aims to appoint a joint temporary liquidator to oversee the company's financial affairs and debt restructuring, and to work with the Board to maintain the stable operation of the company. The duties of the joint temporary liquidator include raising funds, negotiating restructuring plans with creditors, making necessary decisions on behalf of the company, etc. In addition, the Company's affairs and operations will continue to be managed normally by the current directors and management team. The hearing on the petition was originally scheduled for 19 April 2024 and has now been postponed to 10 June. KEEFIN FINANCE HAS SUSPENDED TRADING ON EXCHANGES FROM FEBRUARY 2, 2024, PENDING FURTHER ANNOUNCEMENT.