Asia
King International Shares Rise 5% on Withdrawal of Winding-up Petition
King International Investment (HKG:0928) said a winding-up petition against it over the alleged non-payment of HK$259,862 was withdrawn in Hong Kong, according to a Hong Kong bourse filing on Tuesday.Shares of the health products firm gained over 5% in morning trade Wednesday.The petitioner was demanding payment under an employment contract with Life Healthcare (Hong Kong), a subsidiary of King International.King International maintained that the petition should have been filed against Life Healthcare instead.
HKG:0928
