A Metaverse Company Faces Winding-Up Petition Amid Financial Challenges
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A Metaverse Company (HK:1616) is facing a winding-up petition from BEITAI INVESTMENT LP due to an outstanding debt of approximately HK$33.4 million. The court hearing is set for 26 November 2025, which may lead to operational and financial implications, including share transfer restrictions and potential service suspensions. Provisional liquidators are working to secure the company's assets. The company, incorporated in the Cayman Islands, focuses on immersive digital experiences and has a market cap of HK$129.1M.
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