---
title: "RA SILK ROAD has signed and submitted a consent summons to the High Court of Hong Kong together with the petitioner to withdraw the petition"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/228604585.md"
description: "RA SILK ROAD signed and submitted a consent summons to the High Court of Hong Kong to withdraw the petition. The petitioner has transferred all convertible bonds to a third party on February 14, 2025, and the new convertible bondholders have no affiliation with the company. According to the terms revision, the maturity date of the new bonds is October 2, 2026. The actual withdrawal of the petition is subject to the order of the High Court of Hong Kong"
datetime: "2025-02-18T00:11:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/228604585.md)
  - [en](https://longbridge.com/en/news/228604585.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/228604585.md)
---

# RA SILK ROAD has signed and submitted a consent summons to the High Court of Hong Kong together with the petitioner to withdraw the petition

According to the announcement from Fuxing Asia (00274), the company has maintained active communication with the petitioner. On February 14, 2025, the petitioner transferred all convertible bonds to a third party (new convertible bondholder), who is independent of the company and its related parties and has no connection with them, nor is he a related party of the company. After the transfer is completed, the petitioner will no longer be the holder of the convertible bonds. According to the terms revision of the convertible bonds announced by the company on October 2, 2024, the maturity date of the convertible bonds held by the new convertible bondholder remains October 2, 2026. On the same day, the petitioner signed and submitted a consent summons to the High Court of Hong Kong together with the company to withdraw the petition. Whether the petition is actually withdrawn will depend on the order made by the High Court of Hong Kong with equivalent effect.

In light of the developments in the case and the expectation to withdraw the petition at an appropriate time, as of the date of this announcement, the company has not applied to the High Court of Hong Kong for an effective order and no longer intends to make such an application

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