COCOON HOLDINGS (00428): Petitioner Withdraws Winding-Up Petition

Stock News11-25

COCOON HOLDINGS (00428) announced that on November 4, 2025, the petitioner's legal representatives submitted the following documents to the Official Receiver's Office: (i) a signed settlement agreement; (ii) a consent summons (HCCW 639/2025) duly executed by both the company and the petitioner; and (iii) an official receipt confirming payment of the settlement amount under the agreement. Subsequently, on November 6, 2025, the Official Receiver's Office informed the petitioner's legal representatives that it had no objection to the proposed withdrawal of the petition. On November 25, 2025, the company received a sealed order dated November 24, 2025, from the Hong Kong High Court granting the petitioner's request to withdraw the petition.

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