Jingrui Holdings (01862) was filed by the petitioner for winding-up

Zhitong Finance App News, Jingrui Holdings (01862) issued an announcement. The company notes that China CITIC Financial Assets International Holdings Limited (petitioner) has filed a winding-up petition against the company with the Hong Kong Special Administrative Region High Court on October 10, 2024, on the grounds that the company owes the debt to the petitioner (as a guarantor) due to loan financing owed by Natural Apex Limited (the company's wholly-owned subsidiary, as the borrower). The principal amount is approximately US$108 million, plus accrued interest and penalties. The petition is scheduled to be heard in the High Court on December 18, 2024.

The filing of a petition does not mean that the petitioner can successfully wind up the company. On the date of this announcement, the High Court did not issue a winding-up order to wind up the company.