WATER INDUSTRY (01129) Announces Adjournment of Winding-Up Petition Hearing to June 8

Stock News
May 27

WATER INDUSTRY (01129) has issued an announcement regarding the winding-up petition filed against the company. Following a hearing on the petition held on May 27, 2026, the court has ordered, among other matters, that the hearing for the petition be adjourned to June 8, 2026, to be conducted before the Companies Judge of the Hong Kong High Court. As of the date of this announcement, the court has not issued a winding-up order to liquidate the company. As disclosed in prior announcements, the company is currently engaged in amicable discussions with the petitioner regarding the settlement of outstanding amounts payable to the petitioner and will actively explore any feasible settlement plans with supporting creditors. The company will endeavor to maintain proactive and constructive communication with the petitioner and these supporting creditors. Under the principle of fairness to other creditors, the company will engage in friendly negotiations with the petitioner and supporting creditors to properly resolve the matter, including striving to facilitate the withdrawal of the petition as soon as possible.

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