Cornerstone Holdings announced that it recently received a winding-up petition from Xingzhan Marble Engineering Co., Ltd. against Pacific Stone Co., Ltd., an indirect wholly-owned subsidiary. The winding-up petition is due to Pacific Stone's insolvency and failure to pay its debts. It will be heard on February 11, 2026. The winding-up petition involved failure to pay a judgment amount and the costs of the lawsuit, amounting to approximately HK$9 million. The company is seeking legal advice and believes that the amount of the claim involved in the winding-up petition did not have any significant adverse effect on the Group's operations or financial position.

Zhitongcaijing · 4d ago
Cornerstone Holdings announced that it recently received a winding-up petition from Xingzhan Marble Engineering Co., Ltd. against Pacific Stone Co., Ltd., an indirect wholly-owned subsidiary. The winding-up petition is due to Pacific Stone's insolvency and failure to pay its debts. It will be heard on February 11, 2026. The winding-up petition involved failure to pay a judgment amount and the costs of the lawsuit, amounting to approximately HK$9 million. The company is seeking legal advice and believes that the amount of the claim involved in the winding-up petition did not have any significant adverse effect on the Group's operations or financial position.