Zhongchuang Global: hearing of the second petition postponed to June 2
Zhongchuang global (01678) announced that the company may be wound up by the high court due to its insolvency and failure to pay its debts totalling HK $4311000 (plus daily interest of HK $876.71). The winding up petition was first heard on 17 March 2021 and was heard again in the high court at 3 pm on 12 may 2021. Prior to the hearing, the board of directors of the company and its representatives have been trying to contact Mr. Yao and his legal representatives, hoping to negotiate a settlement with Mr. Yao and settle the matter amicably, and will work to reach an agreement as soon as practicable to jointly apply for cancellation of the petition. At the same time, the company arranged for Mr. ho to attend the hearing, and the hearing confirmed that the next hearing would be held by a lawyer at 9:30 am on May 24, 2021

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