Skyfame Realty (Holdings) Limited (in liquidation) has entered into a legally binding exclusivity agreement with Lion Wealth Management Limited on 10 April 2026. Acting through its four joint and several provisional liquidators (JPLs) from EY, the company has granted the investor a six-month exclusivity period to negotiate and implement a restructuring proposal aimed at restoring the trading of Skyfame Realty’s shares on the Hong Kong Stock Exchange.
During the exclusivity window, the company and Lion Wealth will work toward a formal restructuring agreement. While the pact obliges both sides to negotiate in good faith, it imposes no commitment to complete any transaction; either party may terminate the agreement under its stipulated conditions, after which the JPLs would be free to engage alternative investors.
The JPLs, appointed on 15 August 2022 and confirmed by a winding-up order on 14 November 2025, have been canvassing potential investors and evaluating restructuring proposals. They view the exclusivity arrangement as a structured framework to expedite a viable plan that satisfies the Stock Exchange’s resumption requirements and maximises creditor recovery.
Negotiations are currently focused on the detailed terms of a loan agreement to fund the restructuring. No other definitive agreements have been signed, and the JPLs intend to submit a resumption proposal to the exchange as soon as practicable.
Trading in Skyfame Realty’s debt securities has been suspended since 28 June 2022, and trading in its shares has been halted since 1 April 2025. Both suspensions remain in force, and there is no assurance that a resumption or restructuring will ultimately be achieved. Shareholders and investors are advised to exercise caution when dealing in the company’s securities.
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