Cocoon Holdings Settles Winding-Up Petition
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Cocoon Holdings Limited (HK:0428) has announced a settlement of a winding-up petition from a promissory note holder. The note, issued in 2017 for HK$10 million, matures in March 2025 with HK$1.1 million in outstanding interest. The petition will be withdrawn without costs, and the court hearing is vacated. The company asserts that the petition does not materially affect its operations or financial position. Current market cap is HK$29.18M with an average trading volume of 664,976.
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