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Xinhua News Media (00309): Court grants confirmation order on petition

Zhitongcaijing·10/13/2026 14:49:06
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Zhitong Finance App News, Xinhua News Media (00309) issued an announcement regarding the winding-up petition. On October 8, 2026, the High Court of Hong Kong granted a confirmation order on the petition, ordering that any transfer of company shares carried out on or after September 11, 2026, and any payment, application or disposition of net proceeds from the placement of 5.8303 million new shares of the Company under the placement agreement dated September 2, 2026, shall not be null and void by reason of section 182 of the Companies (Liquidation and Miscellaneous Provisions) Ordinance.