tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Welife Technology Faces Winding-Up Petition Amidst Debt Dispute

Story Highlights
Welife Technology Faces Winding-Up Petition Amidst Debt Dispute

Elevate Your Investing Strategy:

An announcement from Welife Technology Limited ( (HK:1703) ) is now available.

Welife Technology Limited, incorporated in the Cayman Islands, is facing a winding-up petition filed by 杰晟思控股 (深圳) 有限公司 due to an alleged failure to repay debts amounting to RMB9,400,000. The petition is scheduled for a hearing on April 16, 2025, in the High Court of Hong Kong. The company’s assets and share transfers may be affected unless a court order states otherwise. Welife Technology has engaged legal counsel to protect its interests and considers the petition an abuse of process, with plans to potentially apply for its dismissal.

More about Welife Technology Limited

YTD Price Performance: -4.00%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$55.2M

Learn more about 1703 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1