---
title: "Petro-king Says Court Fee Ruling on Subsidiary Won’t Hit Finances"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286428423.md"
description: "Petro-king Oilfield Services Ltd. announced that a Shenzhen court ruled its subsidiary must pay RMB16.63 million in technical service fees and court fees. The awarded amount is lower than the original claim, and all other claims were rejected. The company stated that these fees are already accounted for as business expenses, so no significant financial impact is expected. The subsidiary's frozen bank deposits may be released after payment, and the likelihood of a retrial is considered low. Investors are advised to remain cautious."
datetime: "2026-05-14T13:50:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286428423.md)
  - [en](https://longbridge.com/en/news/286428423.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286428423.md)
---

# Petro-king Says Court Fee Ruling on Subsidiary Won’t Hit Finances

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Petro-king Oilfield Services Ltd. ( (HK:2178) ) just unveiled an update.

Petro-king Oilfield Services Ltd. has disclosed an appeal ruling in a litigation involving one of its subsidiaries, in which a Shenzhen court ordered the subsidiary to pay RMB16.63 million in technical service fees plus interest and approximately RMB176,573 in combined court acceptance fees. The amount awarded is lower than the plaintiff’s original claim, and all other claims and counterclaims were rejected.

The company said these technical service fees had already been accrued as ordinary business expenses and will be settled using internal resources, so no material adverse impact on its operations or financial position is expected. The subsidiary’s frozen bank deposits of about RMB28.9 million may be unfrozen after the payments are made, and legal advisers consider a potential retrial application by the plaintiff to have a low chance of being accepted, though investors are urged to exercise caution.

**More about Petro-king Oilfield Services Ltd.**

Petro-king Oilfield Services Ltd. is an oilfield services provider focused on supplying technical solutions and related services to the energy sector, with operations conducted through various subsidiaries. The group’s business model relies on providing technical service work for clients, for which service fees are a routine part of its ordinary course of operations.

**Average Trading Volume:** 47,654,741

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$402.3M

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