Core Viewpoint - Asia Television Holdings (00707) has submitted an application to the Grand Court of the Cayman Islands for the appointment of joint provisional liquidators and a winding-up petition, indicating a move towards restructuring and potential insolvency [1] Group 1: Legal Proceedings - The application was submitted on October 17, 2025, at 3 PM Cayman Islands time, which corresponds to October 18, 2025, at 4 AM Hong Kong time [1] - The company is currently awaiting the assignment of a judge by the Grand Court to hear the case [1] Group 2: Company Interests - The company believes that the application for joint provisional liquidators is in the best interest of itself, its shareholders, and creditors [1] - The company plans to make further announcements after the application and petition are formally filed with the Grand Court [1] Group 3: Powers Requested - The company has requested the Grand Court to grant the joint provisional liquidators powers to develop a feasible restructuring plan to ensure ongoing operations [1] - The powers also include managing the company's business, communicating with relevant regulatory bodies, and investigating the company's affairs [1] Group 4: Stock Status - The company's shares remain suspended from trading [1]
亚洲电视控股申请委任共同临时清盘人 继续停牌