Summary by Moomoo AI
Alco Holdings Limited announced on August 27, 2024 that it has reached a settlement agreement with Shanghai Commercial Bank regarding the previously filed liquidation application. According to the agreement, Shanghai Commercial Bank has submitted a confirmation document to the High Court of Hong Kong to withdraw the liquidation application. This means that Alco Holdings has avoided the possibility of liquidation and will make further announcements at an appropriate time. The board of directors of the company includes Chairperson and Executive Director Ms. Liao Liping, as well as other executive directors and independent non-executive directors.