MTT Group’s Key Subsidiary Challenges US$45 Million Winding-Up Petition in Cross-Border Dispute
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MTT Group Holdings Limited's subsidiary Tritech is contesting a US$45 million winding-up petition in Hong Kong related to unpaid invoices. The High Court has ordered Tritech to deposit US$22.5 million as a condition for its appeal, with a decision expected in early 2026. Tritech is also pursuing legal action in Singapore, claiming the petition is baseless and violates contractual agreements. The board asserts that the situation does not impact daily operations or key licenses, and no winding-up order has been issued. The stock currently holds a Hold rating with a HK$1.00 price target.
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