Core Viewpoint - The company Baofa Holdings (08532.HK) is facing a winding-up petition for its wholly-owned subsidiary, Baofa Construction Engineering Co., Ltd., due to an unpaid judgment debt arising from a lease agreement dispute [1] Group 1: Legal Proceedings - A winding-up petition was submitted to the Hong Kong High Court on January 20, 2026, by Sing Wei (Hong Kong) Limited, seeking a winding-up order against Baofa Construction [1] - The hearing for the winding-up petition is scheduled for April 8, 2026 [1] - The unpaid judgment debt amounts to approximately HKD 416,000, which includes legal fees, stemming from a ruling by the Lands Tribunal on June 23, 2025 [1] Group 2: Settlement and Compliance - A settlement agreement was reached between the company and the petitioner in December 2025, with a remaining 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] - As of the date of the announcement, the High Court has not issued any winding-up order against Baofa Construction [1]
宝发控股(08532.HK)附属宝发建筑接获清盘呈请