CA Cultural Technology Group Ltd. (HK:1566) has released an update.
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CA Cultural Technology Group Ltd has resolved its legal disputes with Maxx Capital through a series of agreements, including a HK$25 million settlement and mutual releases, resulting in the dismissal of Maxx Capital’s claims. Amid these developments, the company is undergoing a restructuring that includes share subscriptions and a creditors’ scheme, which has been approved by the High Court without Maxx Capital’s involvement due to their previous breach of settlement terms.
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