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Anchorstone Subsidiary Faces Winding-Up Petition Over HK$9 Million Judgment Debt

Story Highlights
  • Anchorstone says its subsidiary faces a winding-up petition over an unpaid HK$9 million judgment debt.
  • The board expects no material impact on group operations but urges investor caution while seeking legal advice.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Anchorstone Subsidiary Faces Winding-Up Petition Over HK$9 Million Judgment Debt

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Anchorstone Holdings Limited ( (HK:1592) ) has issued an announcement.

Anchorstone Holdings Limited has disclosed that a winding-up petition has been filed by Hang Chin Marble Engineering Limited against its indirectly wholly owned subsidiary, Pacific Marble and Granite Limited, alleging insolvency over an unpaid judgment debt of about HK$9 million arising from prior construction and arbitration proceedings. The petition is scheduled to be heard on 11 February 2026, and while the company is currently seeking legal advice, its board maintains that the disputed amount is not expected to have a material adverse impact on the group’s overall operations or financial position, though shareholders and potential investors are urged to exercise caution pending further updates.

The most recent analyst rating on (HK:1592) stock is a Sell with a HK$0.19 price target. To see the full list of analyst forecasts on Anchorstone Holdings Limited stock, see the HK:1592 Stock Forecast page.

More about Anchorstone Holdings Limited

Anchorstone Holdings Limited is a Hong Kong-listed group incorporated in the Cayman Islands, operating through subsidiaries including Pacific Marble and Granite Limited, which is engaged in marble and granite-related construction and engineering services.

Average Trading Volume: 1,283,337

Technical Sentiment Signal: Sell

Current Market Cap: HK$42.56M

See more data about 1592 stock on TipRanks’ Stock Analysis page.

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