Summary by Moomoo AI
KEI FINANCIAL INTERNATIONAL (HOLDINGS) LIMITED (“KEI FINANCIAL INTERNATIONAL”) RECEIVED ON 2 MARCH 2024 A LIQUIDATION PETITION INVOLVING HK$100 MILLION. The petition is due to the fact that the company failed to pay a maturing debt within the prescribed 3 weeks. The Company's shares have been suspended from trading on the Hong Kong Stock Exchange Limited (the “Exchange”) with effect from 2 February 2024 and will continue to be suspended until further notice. Under the Companies (Liquidation and Miscellaneous Provisions) Ordinance, under Cap 32 of Hong Kong law, any disposition of property and transfer of shares from the effective date may be invalid unless the approval of a higher court is obtained. At this time, the Company is seeking legal advice and will keep shareholders and potential investors updated on the progress of the liquidation.