A METAVERSE (01616.HK): joint and several liquidators appointed by court order, shares remain suspended

NewTimeSpace News: On 20 August 2026, A Metaverse Company (in compulsory liquidation, stock code: 01616) announced that, pursuant to the order of the High Court made on 6 August 2026, Ms. Li Songya and Mr. Tang Tak Yeung of FTI Consulting (Hong Kong) Restructuring Limited have been appointed as the joint and several liquidators of the Company.

According to the announcement, as of the date of this announcement, the Company has not made any commitment regarding potential restructuring nor entered into any formal agreement with any party, and will publish further announcements on the progress of the resumption guidance in due course. The Company's shares have been suspended on the Stock Exchange since 15 August 2025 and will remain suspended until further notice.

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