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Hong Kong Court Moves Ta Yang's Winding-Up Petition Hearing to Late October; Shares Rise 3%

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Ta Yang Group Holdings (HKG:1991) said the Hong Kong High Court has further adjourned a hearing linked to a winding-up petitition filed against the company, according to a Monday filing with the bourse.

The company said the court has moved the hearing to Oct. 26 from Sept. 21, and also ordered it to make a security payment of HK$20 million within 28 days.

Ta Yang said it will be able to arrange the security money for the court with the given time period.

Shares were last up 3% in afternoon trading on Tuesday.

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