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Realord subsidiary's winding-up petition withdrawn after HK$12m settlement

November 24, 2025 at 10:50 AM UTCBy FilingReader AI

Realord Group Holdings Limited reported the withdrawal of a winding-up petition against its subsidiary, Realord International Financial Limited (RIF), following a settlement agreement. The petition, concerning an outstanding amount of HK$12 million, was resolved on November 23, 2025, through a deed of settlement between RIF and the petitioner.

Under the terms of the settlement, RIF agreed to pay HK$8 million on November 24, 2025, which has already been paid. An additional HK$3 million is due on or before August 31, 2026. Furthermore, RIF will pay HK$1 million to a charity organization designated by the petitioner by December 31, 2026.

Following the agreement, RIF and the petitioner jointly applied to the High Court of Hong Kong for the withdrawal of the petition via a consent summons on November 24, 2025. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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