Core Viewpoint - Baofa Holdings (08532) announced that a winding-up petition has been filed against its wholly-owned subsidiary, Baofa Construction Engineering Co., Ltd., by Xingwei (Hong Kong) Limited, seeking a winding-up order due to an unpaid judgment debt of approximately HKD 416,000 [1] Group 1 - The winding-up petition is based on a judgment issued by the Lands Tribunal on June 23, 2025, related to an old lease agreement [1] - A settlement agreement was reached between the company and the petitioner in December 2025, with an outstanding debt balance of approximately HKD 261,000 [1] - The company failed to make timely payments as per the settlement agreement, prompting the petitioner to seek a winding-up order [1] Group 2 - As of the announcement date, the High Court has not issued any winding-up order against Baofa Construction [1] - The company believes that the amount involved is not significant to the overall operations and financial condition of the group [1] - The company plans to contact the petitioner to settle the outstanding debt amicably and is seeking legal advice to determine appropriate actions regarding the petition [1]
宝发控股附属公司宝发建筑接获清盘呈请