HK Stock Market Move | E&P GLOBAL (01142) rose more than 10% during trading, receiving a summons from the Hong Kong High Court for filing a global settlement agreement.

E&P GLOBAL (01142) rose more than 10% during trading hours, and at the time of writing, it had risen by 10.42% to 0.265 Hong Kong dollars, with a turnover of 11.9544 million Hong Kong dollars. On the news front, on December 14th, E&P GLOBAL issued an announcement stating that on September 29, 2025, the company (as the defendant) received a summons filed by Daily Loyal Limited (the petitioner) to the High Court of Hong Kong (the court order) accusing the company of violating the global settlement agreement reached on October 25, 2024 (the lawsuit). The announcement stated that since the court order was related to an unspecified amount and did not include a statement of claim, the company's board of directors was unable to assess the basis of the claim in the court order. Nevertheless, the company has taken proactive measures to investigate the matter, instructed its legal advisors to represent the company in the lawsuit, and sought access to court records. However, they were unable to access the relevant court documents during the search. The legal documents were said to have been delivered to another law firm (the former legal advisor) representing the company.