King International Investment Limited Faces Winding-Up Petition: Key Details for Investors

Overview of the Announcement

King International Investment Limited (Stock Code: 928), a company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, has announced that it is the subject of a winding-up petition. This announcement is made under the disclosure requirements of the Securities and Futures Ordinance and the Rules Governing the Listing of Securities on the Exchange.

Key Points of the Report

• Winding-Up Petition Filed: A winding-up petition was filed against King International Investment Limited on 27 February 2026 at the High Court of the Hong Kong Special Administrative Region by Huang Xiaojun. The hearing of the petition is scheduled for 13 May 2026.
• Reason for Petition: The petition arises from an overdue payment of HK\$259,862.36 under an employment contract between the petitioner and Life Healthcare (Hong Kong) Limited, a wholly-owned subsidiary of King International Investment Limited, dated 5 September 2023.
• Legal Basis: The petition is brought under the Companies (Winding Up and Miscellaneous Provisions) Ordinance (CWUMPO), Chapter 32 of the Laws of Hong Kong.

Impact and Risks for Shareholders

• Legal Effects of Winding-Up Petition: If the company is ultimately wound up as a result of this petition, any disposition of its property, transfer of shares, or alteration in member status made after the Commencement Date (27 February 2026) will be void without a validation order from the Court. This includes the transfer of company shares.
• Potential Restrictions: According to a circular by Hong Kong Securities Clearing Company Limited (HKSCC), there may be restrictions on share transfers via the Central Clearing and Settlement System (CCASS). HKSCC may suspend services, including halting the acceptance of company share certificates into CCASS. Any shares already deposited but not yet re-registered could be returned, and credits to participants may be reversed.
• Share Transfer Risks: Any share transfer after the Commencement Date could be declared void if a winding-up order is eventually made, unless validated by the court. There is a significant risk that trading in the company’s shares could be disrupted or suspended due to these legal uncertainties.
• Current Status: The petition is only an application for winding-up; no winding-up order has been granted yet. The company is actively seeking legal advice and intends to defend itself vigorously against the petition. It may consider applying for a validation order if necessary.

Board Response and Guidance

• The company’s board is taking legal advice and will keep shareholders and investors informed of significant developments, including further announcements as appropriate.
• Investors and shareholders are strongly advised to exercise caution when dealing in the shares of King International Investment Limited at this time.

Directors of the Company

Executive Directors: Mr. Leng Yueyingtan (Co-chairman), Mr. Wong Jun (Co-chairman), Mr. Wang Mengyao, Mr. Man Wai Lun, Mr. Li Li
Independent Non-Executive Directors: Mr. Lou Tao, Mr. Liu Zhong

Conclusion

This development is potentially price-sensitive and material to the value of King International Investment Limited’s shares. The uncertainties surrounding the outcome of the petition, possible suspension of share transfers, and the risk of a winding-up order represent significant risks for current and prospective shareholders.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consider their own circumstances and consult a professional advisor before making any investment decisions. The information is based on the latest company disclosure as of 3 March 2026 and may be subject to change.

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