Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
An announcement from Road King Infrastructure ( (HK:1098) ) is now available.
Road King Infrastructure has disclosed that the British Virgin Islands court has further adjourned the hearing of a winding-up application and a related provisional liquidator request against its wholly owned subsidiary New Select Global Limited, pushing any new court date to no earlier than 8 June 2026. The delay is intended to give Road King and New Select additional time to advance negotiations with a significant portion of their creditors that have reached an in-principle agreement on a restructuring proposal, with the company aiming to formalise and launch a holistic restructuring to all relevant creditors and warning shareholders and investors to remain cautious amid ongoing legal and financial uncertainty.
The company says the adjournment supports efforts to stabilise its capital structure by pursuing a consensual solution with creditors rather than immediate liquidation proceedings against New Select. Road King has pledged to keep the market informed of any material developments regarding the winding-up process and the broader restructuring, signalling that the outcome of these talks will be critical for its financial position and for stakeholders exposed to its securities.
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 through subsidiaries such as New Select Global Limited. The group is active in infrastructure-related businesses and relies on financing arrangements with a range of creditors in international jurisdictions, including the British Virgin Islands, to support its operations and investment activities.
Average Trading Volume: 189,279
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$479.6M
Learn more about 1098 stock on TipRanks’ Stock Analysis page.