KING INTL INV (00928) announced that on April 13, 2026, the company received an order from the Hong Kong High Court dated March 25, 2026. The order pertains to the approval, based on a joint application by the petitioner's legal representatives and the company's legal representatives, for the petitioner to withdraw the petition. The company was informed that the petition was filed against it, concerning an overdue payment of a principal amount of HKD 259,900. This payment obligation arose from an employment contract dated September 5, 2023, between the petitioner and the company's wholly-owned subsidiary, Lotus Harmony Medical (Hong Kong) Limited. The petition should have originally been filed against Lotus Harmony Medical (Hong Kong) Limited, not the company.
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