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Road King Infrastructure ( (HK:1098) ) has shared an announcement.
Road King Infrastructure has announced that a winding-up application against its wholly owned subsidiary, New Select Global Limited, filed in the British Virgin Islands, has been adjourned. The case has been rescheduled to 16 March 2026, when it will be heard together with New Select’s application for the appointment of provisional liquidators.
The company said it will keep shareholders and investors informed of any significant developments regarding the winding-up proceedings and a planned holistic solution. Investors are urged to consider the related risks and exercise caution when dealing in Road King’s securities, underscoring ongoing uncertainty around the subsidiary’s financial and legal position.
The most recent analyst rating on (HK:1098) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Road King Infrastructure stock, see the HK:1098 Stock Forecast page.
More about Road King Infrastructure
Road King Infrastructure Limited is a Hong Kong-listed company incorporated in Bermuda, operating in the infrastructure and related investment sector. The group conducts its business through various subsidiaries, including New Select Global Limited, which is a wholly owned unit and currently the subject of legal proceedings in the British Virgin Islands.
Average Trading Volume: 154,953
Technical Sentiment Signal: Sell
Current Market Cap: HK$509.5M
Learn more about 1098 stock on TipRanks’ Stock Analysis page.