Leading hldgs (06999.HK) announced that it has received a winding-up petition filed by Wonderful Sky (01260.HK) on September 27 this year at the High Court of Hong Kong regarding the company's overdue unpaid amounts. The total amount outstanding as of the petition date is 0.2756 million.
Leading hldgs stated that it will strongly oppose the petition, believing that it is not in the interests of other shareholders and may reduce the company's value. The company will take action promptly to resolve the dispute with the petitioner and push for the withdrawal of the petition. It is expected that the petition will not have a significant impact on the group's domestic operations in the short term.
