HK Stock Market Move | RUIFENG RENEW(00527) rose by more than 3%. The company has received a petition for liquidation and is currently negotiating with the petitioner.

RUIFENG RENEW (00527) rose more than 3%, as of the time of writing, it increased by 3.33% to HK$0.62, with a turnover of HK$10.46 million. On the news front, RUIFENG RENEW announced that on December 4, 2025, the company received a winding-up petition filed by Wang Jin (the petitioner) to the High Court of the Hong Kong Special Administrative Region in accordance with the Companies (Winding-Up and Miscellaneous Provisions) Ordinance. The petition was filed on November 20, 2025. The company believes that there may have been some delay in the service of the petition. The petitioner claims that the company owes the petitioner HK$7.075 million, which arose from unpaid amounts due from the company (as the issuer) to the petitioner (as the subscriber) for the issuance of bonds on November 17, 2021. The petition will be heard in the High Court on January 28, 2026 at 10 am. The company is seeking legal advice on the petition. However, as the company only received the petition on the date of this announcement, it requires more time to seek legal advice and prepare for the hearing, so the company may consider applying for an extension. As of the date of this announcement, the company is negotiating a settlement with the petitioner regarding the outstanding amount. The company hopes that the petitioner will respond positively to the company's settlement proposal and that both parties can reach a consensus as soon as possible.