Road King Infrastructure Limited – Detailed Update on BVI Winding Up Application, Restructuring Progress, and Key Shareholder Considerations
Date: 9 June 2026
Key Highlights for Investors
- Adjournment and Substitution in BVI Winding Up Application: The BVI Court has granted an adjournment of the winding up application against New Select Global Limited, a wholly owned subsidiary of Road King Infrastructure Limited, and approved a substitution of the applicant under certain conditions.
- Restructuring Support Agreement (RSA) Progress: The Company has executed and launched an RSA with an Ad Hoc Group of creditors. This restructuring process is ongoing, and the RSA remains open for accession by all holders and lenders of the Existing Debt.
- Potential Share Price Sensitivity: The outcome of the restructuring and the winding up application could have significant implications for the company’s ability to manage its debt obligations, which may in turn affect the share price.
- Early-Bird and General RSA Fees: Creditors who accede to the RSA before 26 June 2026 may be eligible for an Early-Bird RSA Fee. Those joining later but before 11 July 2026 may receive a General RSA Fee.
Details of the BVI Court Proceedings
- The hearing on the winding up application and New Select’s application for the appointment of provisional liquidators in the BVI Court was adjourned to a date no earlier than 8 June 2026.
- On 4 June 2026, a member of the Ad Hoc Group (“Substitution Applicant”), which had negotiated the RSA, applied to the BVI Court to be substituted as the applicant in the winding up application in place of the original trustee. The Substitution Applicant is also an Initial Consenting Creditor under the RSA.
- At the hearing on 8 June 2026:
- The original trustee sought dismissal of the winding up application.
- The Substitution Applicant requested to be substituted as applicant.
- New Select requested an adjournment to allow time for the restructuring to progress, which the Substitution Applicant supported.
- The BVI Court ruled in favour of the Substitution Applicant (subject to certain conditions) and adjourned the hearing to a date no earlier than 12 weeks from 8 June 2026 (anticipated to be no earlier than 16 September 2026 due to the BVI Court vacation).
- The Ad Hoc Group, including the Substitution Applicant, remains fully supportive of the restructuring and is working with Road King and New Select to advance the process ahead of the next hearing.
Offshore Restructuring Update
- The Company urges all holders and lenders of the Existing Debt to carefully review the terms of the RSA and the Term Sheets and to accede as soon as possible.
- To participate, creditors must submit a valid Accession Letter via the transaction website (https://portal.sodali.com/roadking) indicating their holdings.
- Queries regarding the process can be directed to the Information Agent, Sodali & Co Ltd, or the respective financial and legal advisers (contact details provided below).
Important Dates for Creditors
- Early-Bird RSA Fee Deadline: 5:00pm Hong Kong time, 26 June 2026
- General RSA Fee Deadline: 5:00pm Hong Kong time, 11 July 2026, or one business day prior to the convening hearing, whichever is earlier.
- Creditors are eligible for either the Early-Bird RSA Fee or the General RSA Fee, but not both, for the same Restricted Debt.
Contact Information for Stakeholders
- Sodali & Co Ltd (Information Agent):
Transaction Website: https://portal.sodali.com/roadking
Tel: +852 2632 9740 (Hong Kong) / +44 20 3148 9775 (London)
Email: [email protected] - Restructuring Financial Adviser (Alvarez & Marsal Corporate Finance Limited): [email protected]
- Restructuring Legal Adviser (Linklaters): [email protected]
- Ad Hoc Group Financial Adviser (PJT Partners (HK) Limited): [email protected]
- Ad Hoc Group Legal Adviser (Kirkland & Ellis): [email protected]
Shareholder Considerations and Potential Share Price Impact
- Uncertainty in Debt Restructuring: The ongoing legal proceedings and restructuring efforts introduce a degree of uncertainty regarding the Company’s financial stability and future obligations. This could significantly impact the share price, especially as the outcome of the next BVI hearing approaches.
- Encouragement to Review Risks: Shareholders and investors are strongly encouraged to consider all related risks and to exercise caution when dealing in Road King’s securities.
- Professional Advice Recommended: Investors are advised to seek independent professional and financial advice in light of the Company’s current situation.
Further Announcements
The Company will provide further updates on significant developments concerning the BVI Applications and restructuring in accordance with legal and regulatory requirements. Investors should not rely solely on this announcement and are urged to monitor further disclosures.
Disclaimer: This article is provided for informational purposes only and does not constitute investment advice. The content is based on the latest available information as of 9 June 2026. Investors should consult their professional advisers before making any investment decisions.
香港建設控股有限公司 – 英屬維京群島清盤申請及離岸重組 2026年6月最新詳情（廣東話）
日期：2026年6月9日
重點摘要（投資者須知）
- 清盤申請延期及申請人更換： 英屬維京群島法院已批准對新選環球有限公司（公司全資子公司）清盤申請的延期及原申請人（受託人）由Ad Hoc Group成員替換（需遵守某些條件）。
- 重組支持協議（RSA）進展： 公司已與Ad Hoc Group債權人簽署並啟動重組支持協議（RSA），重組過程仍在進行，現有債權人可繼續加入該協議。
- 潛在股價敏感事項： 清盤申請及重組結果可能大幅影響公司償債能力及財務狀況，對公司股價構成重大影響。
- 提前及一般RSA費用： 於2026年6月26日或之前加入RSA的債權人可獲提前費，6月26日後但7月11日前加入則可獲一般費（每筆受限債務只可領取其中一種費用）。
英屬維京群島法庭程序詳情
- 清盤及臨時清盤人申請原定於2026年6月8日後最早進行。
- 2026年6月4日，Ad Hoc Group成員（即RSA初始同意債權人）向法庭申請取代受託人成為清盤申請人。
- 2026年6月8日法庭聆訊上：
- 原受託人申請撤銷清盤申請。
- Ad Hoc Group成員申請更換為清盤申請人。
- 新選環球有限公司申請延期，爭取更多重組時間，獲Ad Hoc Group成員支持。
- 法庭批准更換申請（需遵條件），聆訊延期不少於12星期，因法庭暑假，預計不早於2026年9月16日。
- Ad Hoc Group繼續全力支持重組，將與公司及新選環球合作，推進重組進程。
重組最新進展
- 公司提醒所有現有債權人認真審閱RSA及條款，盡快加入。
- 如欲參與，債權人須於交易網站（https://portal.sodali.com/roadking）遞交已填妥的加入信及持債數額。
- 如有疑問，可聯絡信息代理Sodali & Co Ltd或相關財務、法律顧問。
重要日期
- 提前費截止： 香港時間2026年6月26日下午5時
- 一般費截止： 香港時間2026年7月11日下午5時或聆訊前一個工作日，以較早者為準。
- 每筆受限債務只可選擇領取提前費或一般費之一。
聯絡方式
- Sodali & Co Ltd（信息代理）：
交易網站：https://portal.sodali.com/roadking
電話：+852 2632 9740（香港）/ +44 20 3148 9775（倫敦）
電郵：[email protected] - 重組財務顧問（Alvarez & Marsal）： [email protected]
- 重組法律顧問（Linklaters）： [email protected]
- Ad Hoc Group財務顧問（PJT Partners）： [email protected]
- Ad Hoc Group法律顧問（Kirkland & Ellis）： [email protected]
股東注意及潛在股價影響
- 重組及法律程序帶來不確定性： 相關法律程序及財務重組進展存在不確定性，或對公司財務狀況及股價造成重大影響，特別是下次法庭聆訊前後。
- 審慎評估風險： 股東及投資者應審慎評估相關風險，謹慎買賣本公司證券。
- 建議尋求專業意見： 投資者應向其專業財務顧問諮詢意見。
公司後續公告
公司將持續根據上市規定及法律法規發佈與清盤申請及重組有關的重要消息，投資者不應只依賴本公告，應密切留意公司進一步披露。
免責聲明： 本文僅供參考，不構成任何投資建議。內容基於2026年6月9日最新公開資料，投資者決策前應諮詢專業意見。
