SILKWAVE INC (00471.HK): High Court dismisses two winding-up petitions on 9 November, costs of petition 1 awarded to the Company

NewTimeSpace · 2026/11/09 22:39 · By Jiayi Sun

On 9 November 2026, Silkwave Inc (00471.HK) said the Court of First Instance of the High Court dismissed two winding-up petitions, with costs of petition 1 awarded to the Company and petition 2 dismissed by consent summons. An earlier validation order protects transfers of fully paid shares made on or after 24 July 2026.

NewTimeSpace News: On 9 November 2026, Silkwave Inc (00471.HK) announced inside information that, at the hearing on 9 November 2026, the Honourable Madam Justice Linda Chan of the Court of First Instance of the High Court made the following orders: petition 1 (HCCW 563/2026) be dismissed with costs awarded to the Company; and petition 2 (HCCW 653/2026) be dismissed pursuant to a consent summons.

The Company had previously published announcements dated 20 August 2026 and 16 October 2026 in relation to the petitions. As a precautionary measure, the Company applied for a validation order on 15 October 2026. At the hearing on 26 October 2026, the court ordered that, notwithstanding the presentation of petition 1 and petition 2, any transfer of the Company's issued and fully paid shares made on or after 24 July 2026 shall not be invalid by virtue of section 182 of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of the Laws of Hong Kong).

The Company reminded shareholders and potential investors to exercise caution when dealing in the securities of the Company.

SILKWAVE INC 00471.HK winding-up petition