Summary by Moomoo AI
SICHAI INTERNATIONAL (COSMOPOL INT'L) ANNOUNCED ON MARCH 4, 2024 THAT ITS INDEPENDENT NON-EXECUTIVE DIRECTOR, MR. SHEK LIQIAN, GBS, JP, IN THE NOTICE OF THE LIQUIDATION PETITION OF COUNTRY GARDEN HOLDINGS LIMITED (COUNTRY GARDEN). Mr. Shih informed Shihai International on 29 February 2024 that he is an independent non-executive director of Country Garden. On 28 February 2024, Country Garden announced on 28 February 2024 that Ever Credit Limited has submitted a petition to liquidate approximately HK$16 million in unpaid loans and interest. The first hearing is scheduled for 17 May 2024. The incident will not affect the company's business or operations and is unrelated to Country Garden and its subsidiaries, according to Sichai International. The Company will comply with the listing rules and will publish further information in due course.