Cocoon Holdings Withdraws Winding-Up Petition After Settlement

Reuters11-25
Cocoon Holdings Withdraws Winding-Up Petition After Settlement

Cocoon Holdings Limited has announced that the winding-up petition filed against the company has been withdrawn following a full and final settlement with the petitioner, who held a promissory note issued by the company. The High Court of Hong Kong has granted leave to withdraw the petition, and no winding-up order has been made against the company. The risk of dispositions being voided under relevant Hong Kong company law in relation to the petition has now been extinguished.

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