China TianGong Holdings Limited (00428.HK) has reached a settlement agreement with the applicant.

Financial news from the Wisdom Finance App, Tian Gong Holdings of China (00428.HK) announced that a presenter (an independent third party) has been appointed as the holder of the acceptance bills issued by the company in 2017, with a principal of 10 million Hong Kong dollars. The bill is due on March 31, 2025. As of the date of this announcement, the unpaid interest amount is 1.1 million Hong Kong dollars. As of the date of this announcement, the company has reached a settlement agreement with the presenter, and both parties have signed a consent summons through their respective legal representatives on November 4, 2025, seeking the court to issue an order in accordance with the agreement (including) allowing the withdrawal of the presenter and no cost order; and cancel the hearing scheduled for December 31, 2025 in the Hong Kong High Court.