Court Adjourns Winding-Up Petition Hearing for Zhenro Properties' Subsidiary

Stock News

Aug 26

Zhenro Properties Group (06158) has announced that the winding-up petition hearing, originally scheduled for August 26, 2026, at the High Court of Hong Kong, has been postponed. During the hearing, the court ordered that the petition be adjourned to September 30, 2026, at 10:30 a.m.

The company is currently engaged in negotiations with its offshore creditors, including the petitioner. A term sheet outlining the proposed terms of an offshore restructuring plan aimed at addressing its liquidity issues has been circulated to certain creditors of the group, including the petitioner. The offshore restructuring plan and scheme of arrangement remain subject to agreement with creditors and the satisfaction of certain conditions precedent, including but not limited to approvals from relevant authorities, courts, and the company's shareholders.

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