ROAD KING INFRA(01098): The hearing for the liquidation application filed by the newly elected wholly-owned subsidiary has been further postponed.
Road King (01098) announced that a winding-up application has been filed against its wholly-owned subsidiary, New Select Global Limited. During the winding-up application and appointment of provisional liquidators hearing held on March 16, 2026 at the Virgin Islands Court, the Court approved to postpone the hearing of the aforementioned application to no earlier than June 8, 2026. This extension provides the company and New Select with more time to negotiate further with a significant proportion of creditors who have already agreed to a restructuring plan, in order to formally present the restructuring plan to all relevant creditors as soon as possible.
ROAD KING INFRA (01098) announced that there is an application for liquidation filed against its wholly-owned subsidiary, New Select Global Limited (New Select). At the liquidation hearing held on March 16, 2026 in the British Virgin Islands court, the court approved a postponement of the hearing of the application to no earlier than June 8, 2026. This extension provides more time for the Company and New Select to further negotiate with a significant proportion of creditors who have reached a provisional agreement on a restructuring proposal, in order to formally present the restructuring proposal to all relevant creditors as soon as possible.
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