Cocoon Holdings Settles Winding-Up Petition
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 The petition will be withdrawn without costs, and the court hearing is vacated.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.
Cocoon Holdings Limited ( (HK:0428) ) has issued an announcement.
Cocoon Holdings Limited, a company incorporated in the Cayman Islands and continued in Bermuda, has announced a settlement regarding a winding-up petition filed by a promissory note holder. The note, issued in 2017 with a principal of HK$10 million, matured in March 2025 with an outstanding interest of HK$1.1 million. The settlement involves withdrawing the petition without costs, and the scheduled court hearing has been vacated. The company states that the petition has no material impact on its operations or financial position.
More about Cocoon Holdings Limited
Average Trading Volume: 664,976
Technical Sentiment Signal: Sell
Current Market Cap: HK$29.18M
