GEOTECH HLDGS (01707.HK): Liquidation Ruling Time Extended to 5 Jan 2027

NewTimeSpace News: On 13 October 2026, Geotech Holdings Ltd. (stock code: 01707) published a supplemental announcement in relation to the presentation of a liquidation application against Praise Marble Limited, a wholly-owned subsidiary of the Company. On 12 October 2026, the Company was informed by its BVI legal advisers that the time for determination of the Liquidation Application had been further extended from 5 October 2026 to 5 January 2027, and that a draft order had been approved although the sealed order had not yet been issued.

The announcement stated that, as at the date of the announcement, judgment in respect of the Liquidation Application remains pending, and that the filing of the Liquidation Application does not represent the successful winding-up of Praise Marble, with no winding-up order granted by the BVI Court against Praise Marble as at that date. The Company previously published announcements on 14 January, 30 January, 6 March, 14 April, 22 April and 22 September 2026 in relation to the Liquidation Application and the appointment of joint provisional liquidators over Praise Marble, and will keep its shareholders and investors informed of any significant development.

In addition, trading in the shares of the Company on the Stock Exchange has been suspended with effect from 9:00 a.m. on 1 April 2026 and will remain suspended until further notice. Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.