[6-K] TROOPS, Inc. Current Report (Foreign Issuer)
TROOPS, Inc. disclosed that a petition was filed in the Grand Court of the Cayman Islands by Real Estate and Finance Fund (in Liquidation) alleging the company is insolvent following two Hong Kong judgments. The filing states the Company and certain subsidiaries are jointly and severally liable for HK$163,400,000 in one judgment and for HK$241,400,000 in a second judgment. The petitioner says the Company cannot pay these debts and seeks the Company’s winding up or, alternatively, a determination that winding up is just and equitable. A hearing on the petition is scheduled for October 9, 2025. The Company says it intends to seek an appeal and a stay of execution to protect shareholders’ interests.
TROOPS, Inc. ha reso noto che Real Estate and Finance Fund (in Liquidazione) ha depositato una petizione presso la Grand Court delle Isole Cayman, sostenendo che la società sia insolvente in seguito a due sentenze emesse a Hong Kong. Secondo l'atto, la Società e alcune controllate sono obbligate in solido per HK$163.400.000 in una sentenza e per HK$241.400.000 in un'altra. Il ricorrente afferma che la Società non è in grado di pagare tali debiti e chiede la liquidazione della Società o, in alternativa, una dichiarazione che la liquidazione sia giusta ed equa. L'udienza sulla petizione è fissata per il 9 ottobre 2025. La Società dichiara di voler presentare ricorso e chiedere la sospensione dell'esecuzione per tutelare gli interessi degli azionisti.
TROOPS, Inc. informó que Real Estate and Finance Fund (en Liquidación) presentó una petición ante la Gran Corte de las Islas Caimán, alegando que la compañía es insolvente tras dos sentencias de Hong Kong. La presentación indica que la Sociedad y ciertas subsidiarias son solidariamente responsables de HK$163,400,000 en una sentencia y de HK$241,400,000 en la otra. El peticionario sostiene que la Compañía no puede pagar estas deudas y solicita la liquidación de la Compañía o, alternativamente, que se determine que la liquidación es justa y equitativa. La audiencia sobre la petición está programada para el 9 de octubre de 2025. La Compañía manifiesta su intención de interponer recurso y solicitar la suspensión de la ejecución para proteger los intereses de los accionistas.
TROOPS, Inc.는 Real Estate and Finance Fund (청산 중)가 케이맨 제도 대법원에 회사의 지급불능을 주장하는 청원을 제출했다고 공시했습니다. 제출서에 따르면 회사와 일부 자회사는 첫 번째 판결에서 HK$163,400,000, 두 번째 판결에서 HK$241,400,000을 연대책임으로 부담하고 있습니다. 청원인은 회사가 이 채무들을 갚을 수 없다고 주장하며 회사의 해산을 청구하거나, 대안으로 해산이 공정하고 타당하다는 결정을 구하고 있습니다. 청원 심리는 2025년 10월 9일에 예정되어 있습니다. 회사는 주주 이익을 보호하기 위해 항소 및 집행정지를 신청할 계획이라고 밝혔습니다.
TROOPS, Inc. a annoncé qu'une requête a été déposée devant la Grand Court des îles Caïmans par Real Estate and Finance Fund (en liquidation), alléguant que la société est insolvable à la suite de deux jugements rendus à Hong Kong. Le dépôt indique que la Société et certaines filiales sont solidairement responsables de HK$163,400,000 dans un premier jugement et de HK$241,400,000 dans un second. Le requérant affirme que la Société ne peut pas acquitter ces dettes et demande la dissolution de la Société ou, à défaut, qu'il soit constaté que la dissolution est juste et équitable. L'audience relative à la requête est prévue pour le 9 octobre 2025. La Société déclare qu'elle entend interjeter appel et demander une suspension de l'exécution pour protéger les intérêts des actionnaires.
TROOPS, Inc. gab bekannt, dass Real Estate and Finance Fund (in Liquidation) beim Grand Court der Kaimaninseln eine Petition eingereicht hat und geltend macht, das Unternehmen sei nach zwei Urteilen aus Hongkong zahlungsunfähig. Aus der Eingabe geht hervor, dass die Gesellschaft und bestimmte Tochtergesellschaften gesamtschuldnerisch für HK$163.400.000 in einem Urteil und für HK$241.400.000 in einem zweiten Urteil haften. Der Petent erklärt, die Gesellschaft könne diese Schulden nicht begleichen, und beantragt die Liquidation der Gesellschaft oder alternativ eine Feststellung, dass eine Liquidation gerecht und angemessen sei. Die Anhörung zur Petition ist für den 9. Oktober 2025 angesetzt. Das Unternehmen beabsichtigt, Berufung einzulegen und eine Vollstreckung auszusetzen, um die Interessen der Aktionäre zu schützen.
- Company intends to seek an appeal and a stay of execution to protect shareholder interests
- Hearing date is specified (October 9, 2025), providing a clear procedural timetable
- Two judgments allege joint-and-several liability for HK$163,400,000 and HK$241,400,000
- Petitioner alleges the Company is insolvent and seeks winding up or just-and-equitable relief
- Material legal exposure totaling HK$404,800,000 is asserted in the petition
Insights
TL;DR: A Cayman winding-up petition tied to two substantial HK judgments poses immediate governance and solvency concerns.
The petition alleges insolvency based on two judgments totalling HK$404,800,000 and requests winding up or just-and-equitable relief. From a governance standpoint, this is material: it triggers board duties to assess solvency, preserve creditor and shareholder value, and pursue any lawful challenges. The Company’s stated plan to seek an appeal and stay is a standard defensive step but does not change the underlying exposure disclosed here. The scheduled hearing on October 9, 2025 is a critical near-term legal milestone that could materially affect corporate control and creditor rights.
TL;DR: Two joint-and-several liabilities create material financial and operational risk pending the Cayman hearing.
The filing specifies joint-and-several liability for HK$163,400,000 and HK$241,400,000, which together represent the Company’s disclosed asserted exposure in this petition. The petitioner explicitly alleges inability to pay, framing a solvency argument that, if accepted by the court, could lead to winding up. The Company’s intent to pursue an appeal and a stay may delay enforcement but does not eliminate the legal risk. This is a material legal contingency with potential to affect capital structure, liquidity, and continuity of operations depending on court outcome.
TROOPS, Inc. ha reso noto che Real Estate and Finance Fund (in Liquidazione) ha depositato una petizione presso la Grand Court delle Isole Cayman, sostenendo che la società sia insolvente in seguito a due sentenze emesse a Hong Kong. Secondo l'atto, la Società e alcune controllate sono obbligate in solido per HK$163.400.000 in una sentenza e per HK$241.400.000 in un'altra. Il ricorrente afferma che la Società non è in grado di pagare tali debiti e chiede la liquidazione della Società o, in alternativa, una dichiarazione che la liquidazione sia giusta ed equa. L'udienza sulla petizione è fissata per il 9 ottobre 2025. La Società dichiara di voler presentare ricorso e chiedere la sospensione dell'esecuzione per tutelare gli interessi degli azionisti.
TROOPS, Inc. informó que Real Estate and Finance Fund (en Liquidación) presentó una petición ante la Gran Corte de las Islas Caimán, alegando que la compañía es insolvente tras dos sentencias de Hong Kong. La presentación indica que la Sociedad y ciertas subsidiarias son solidariamente responsables de HK$163,400,000 en una sentencia y de HK$241,400,000 en la otra. El peticionario sostiene que la Compañía no puede pagar estas deudas y solicita la liquidación de la Compañía o, alternativamente, que se determine que la liquidación es justa y equitativa. La audiencia sobre la petición está programada para el 9 de octubre de 2025. La Compañía manifiesta su intención de interponer recurso y solicitar la suspensión de la ejecución para proteger los intereses de los accionistas.
TROOPS, Inc.는 Real Estate and Finance Fund (청산 중)가 케이맨 제도 대법원에 회사의 지급불능을 주장하는 청원을 제출했다고 공시했습니다. 제출서에 따르면 회사와 일부 자회사는 첫 번째 판결에서 HK$163,400,000, 두 번째 판결에서 HK$241,400,000을 연대책임으로 부담하고 있습니다. 청원인은 회사가 이 채무들을 갚을 수 없다고 주장하며 회사의 해산을 청구하거나, 대안으로 해산이 공정하고 타당하다는 결정을 구하고 있습니다. 청원 심리는 2025년 10월 9일에 예정되어 있습니다. 회사는 주주 이익을 보호하기 위해 항소 및 집행정지를 신청할 계획이라고 밝혔습니다.
TROOPS, Inc. a annoncé qu'une requête a été déposée devant la Grand Court des îles Caïmans par Real Estate and Finance Fund (en liquidation), alléguant que la société est insolvable à la suite de deux jugements rendus à Hong Kong. Le dépôt indique que la Société et certaines filiales sont solidairement responsables de HK$163,400,000 dans un premier jugement et de HK$241,400,000 dans un second. Le requérant affirme que la Société ne peut pas acquitter ces dettes et demande la dissolution de la Société ou, à défaut, qu'il soit constaté que la dissolution est juste et équitable. L'audience relative à la requête est prévue pour le 9 octobre 2025. La Société déclare qu'elle entend interjeter appel et demander une suspension de l'exécution pour protéger les intérêts des actionnaires.
TROOPS, Inc. gab bekannt, dass Real Estate and Finance Fund (in Liquidation) beim Grand Court der Kaimaninseln eine Petition eingereicht hat und geltend macht, das Unternehmen sei nach zwei Urteilen aus Hongkong zahlungsunfähig. Aus der Eingabe geht hervor, dass die Gesellschaft und bestimmte Tochtergesellschaften gesamtschuldnerisch für HK$163.400.000 in einem Urteil und für HK$241.400.000 in einem zweiten Urteil haften. Der Petent erklärt, die Gesellschaft könne diese Schulden nicht begleichen, und beantragt die Liquidation der Gesellschaft oder alternativ eine Feststellung, dass eine Liquidation gerecht und angemessen sei. Die Anhörung zur Petition ist für den 9. Oktober 2025 angesetzt. Das Unternehmen beabsichtigt, Berufung einzulegen und eine Vollstreckung auszusetzen, um die Interessen der Aktionäre zu schützen.
FAQ
What judgments does TROOPS, Inc. disclose in the 6-K (TROO)?
Who filed the petition against TROOPS, Inc. and what does it allege?
When is the hearing on the Cayman petition for TROOPS, Inc.?
How is TROOPS, Inc. responding to the petition?
Does the filing state the company admits insolvency?
