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Pan Asia Data Holdings, Inc. ( (HK:1561) ) has issued an update.
Pan Asia Data Holdings Inc. has disclosed that a winding-up petition has been filed against the company in the High Court of Hong Kong in relation to an alleged unpaid financial obligation of approximately HK$6.18 million. Under Hong Kong’s Companies (Winding Up and Miscellaneous Provisions) Ordinance, if the company is ultimately wound up, any disposition of property directly held by the company and any transfer of its shares made after 19 January 2026 could be rendered void unless validated by the court, prompting the board to warn shareholders and investors that share transfers may be affected and that HKSCC may suspend certain CCASS services involving the company’s shares; Pan Asia Data says it is seeking legal advice and will take necessary actions to defend the litigation, signalling heightened legal and trading risk for stakeholders until the petition is resolved.
The most recent analyst rating on (HK:1561) stock is a Hold with a HK$0.06 price target. To see the full list of analyst forecasts on Pan Asia Data Holdings, Inc. stock, see the HK:1561 Stock Forecast page.
More about Pan Asia Data Holdings, Inc.
Pan Asia Data Holdings Inc. is a Hong Kong-listed company incorporated in the Cayman Islands, with its shares traded on the Main Board of the Stock Exchange of Hong Kong under stock code 1561. The company is governed by a board comprising executive, non-executive and independent non-executive directors, and is subject to Hong Kong’s listing and securities regulatory framework.
Average Trading Volume: 535,366
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$76.71M
For detailed information about 1561 stock, go to TipRanks’ Stock Analysis page.