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Road King Infrastructure has announced that the hearing related to the winding-up application against New Select has been adjourned by the British Virgin Islands (BVI) court. The company said the next hearing is not expected to take place before mid-September 2026, providing additional time for stakeholders involved in the restructuring process. Road King also confirmed that the early-bird Restructuring Support Agreement (RSA) fee deadline remains scheduled for late June. The development forms part of the company's ongoing efforts to address matters linked to the winding-up proceedings involving New Select.
Road King Infrastructure has announced that the British Virgin Islands (BVI) court has adjourned the hearing concerning the winding-up application against New Select, extending the timeline for the ongoing proceedings.
According to the company, the court has deferred the hearing to a date no earlier than 12 weeks from June 8, 2026. Based on the current schedule, the adjourned hearing is expected to take place no earlier than September 16, 2026.
The update comes as Road King Infrastructure continues to progress discussions and restructuring-related measures connected to the case. The company also stated that the deadline for the early-bird Restructuring Support Agreement (RSA) fee has been set for 5:00 pm Hong Kong time on June 26, 2026.
The winding-up application against New Select remains a key matter being monitored by investors and creditors. Court-approved adjournments in such cases often provide additional time for parties to pursue restructuring plans, negotiate with stakeholders and evaluate potential resolutions before further legal proceedings take place.
Road King Infrastructure, a Hong Kong-listed infrastructure and property development company, has previously undertaken debt management and restructuring initiatives in response to challenging market conditions and financing pressures affecting parts of the real estate sector.
The company did not disclose any further changes to the proceedings beyond the revised hearing timeline and the RSA fee deadline. The matter is expected to remain under review as stakeholders continue to assess available restructuring options ahead of the next court hearing.
Source Reuters
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