Jingrui Holdings Confronts Creditor’s Winding-Up Petition

Jingrui Holdings Ltd. (HK:1862) has released an update.

Jingrui Holdings Ltd. has announced that it faces a winding-up petition filed by a creditor over a debt of approximately $108 million, with a court hearing set for December 18, 2024. The company aims to vigorously oppose the petition, which it believes does not reflect the interests of all stakeholders and could harm the company’s value. Shareholders have been cautioned to be prudent in dealing with the company’s securities amid these legal proceedings.

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