
JINGRUI HLDGS faces winding-up petition

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JINGRUI HLDGS announced that China CITIC Financial Assets International Holdings Limited has submitted a winding-up petition to the High Court of Hong Kong on October 10, 2024, due to the company's failure to repay the loan to Natural Apex Limited, with an outstanding amount of approximately USD 108 million plus interest. A hearing is scheduled for December 18, 2024, but the submission of the petition does not guarantee the success of the winding-up. As of now, the High Court has not issued a winding-up order
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