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Positive Sentiment Still Eludes Comtec Solar Systems Group Limited (HKG:712) Following 43% Share Price Slump
Comtec Solar Systems Group Limited (HKG:712) shareholders that were waiting for something to happen have been dealt a blow with a 43% share price drop in the last month. The drop over the last 30
Comtec Solar (00712.HK): Received liquidation application against the company.
On July 12th, Glorious released an announcement that on July 11th, 2024, the company received a request from Putana to the High Court of Hong Kong under Chapter 32 of the Companies (Winding Up and Miscellaneous Provisions) Ordinance of Hong Kong. The request concerns the outstanding loans owed by the company to Putana pursuant to the financing agreement entered into by the company and Putana on or around December 11, 2019 (as amended on March 13, 2020), totaling approximately 0.8 million US dollars. The hearing is scheduled for July 24th, 2024.
Comtec Solar Faces Winding-Up Petition
Hong Kong stock market fluctuation | Comtec Solar (00712) once fell more than 37% and was applied for liquidation. The company believes it can reach a settlement.
According to the Zhichun Finance APP, Comtec Solar (00712) once fell more than 37%, reaching a historical low of HKD 0.081. As of the time of writing, it has fallen 31.82% to HKD 0.09 with a turnover of HKD 0.6829 million. On the news front, Comtec Solar announced that on July 10th, it received two letters from the Bankruptcy Administration Bureau, which indicated that an application for the winding-up of the company had been filed with the High Court according to Hong Kong laws. The application will be heard on July 24th. The company believes that the application was filed by Putana Limited, and the company has been actively communicating with them.
Comtec Solar (00712.HK): The liquidation proposal is scheduled to be heard on July 24th.
On July 11, Glorious Sun announced that Comtec Solar (00712.HK) received two letters from the bankruptcy trustee on July 10, 2024, announcing that according to Chapter 32 of the Hong Kong Companies (Winding Up and Miscellaneous Provisions) Ordinance, an application for winding up the company had been made to the High Court of Hong Kong. According to the letter, the hearing of the application will take place on July 24, 2024. As of the date of this announcement, the company has not received or been served with the application. According to Section 182 of Chapter 32 of the Hong Kong Companies (Winding Up and Miscellaneous Provisions) Ordinance.
Express News | Comtec Solar Systems - Winding-up Petition Has Been Filed Against Co in High Court of Hong Kong
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