PANews reported on April 25 that, according to Techinasia, the Singapore High Court today rejected the liquidation application of U-Zyn Chua, the former chief technology officer of Cake Group. Judicial Commissioner Alex Wong said at a court hearing that there was no reasonable reason to shut down the Crypto Assets company, noting that it was inappropriate for U-Zyn Chua to seek a speedy resolution of the dispute through liquidation where other remedies existed.

Odaily Planet Daily News Singapore's High Court today dismissed a liquidation application filed by U-Zyn Chua, former CTO and co-founder of encryption investment firm Cake Group. In addition to ruling that there was no reason to close the company, Judicial Commissioner Alex Wong added at the court hearing that it was not appropriate for U-Zyn Chua to seek liquidation as a quick solution to the problem where other remedies were available. （Tech in Asia） Previously, it was reported in February that Chua U-Zyn, co-founder and CTO of encryption company Cake Group, which filed for liquidation with the Singapore High Court in November 2023, is considering a complete acquisition of the company. Chua intends to acquire Cake Group co-founder and CEO Julian Hosp's stake in the company based on a potential deal announced at a court hearing in Singapore. The judge overseeing the liquidation application adjourned the case for five weeks so that Chua could consider the proposal.

Coin Network Report: Coin Network reported that the Singapore High Court today rejected the liquidation application filed by U-Zyn Chua, former chief technology officer of Cake Group. In addition to ruling that there was no reason to shut down the Crypto Assets company, Justice Commissioner Alex Wong added at the court hearing that it was inappropriate for U-Zyn Chua to seek liquidation as a quick solution to the problem where other remedies were available.

The Singapore High Court today rejected the liquidation application filed by U-Zyn Chua, the former chief technology officer of Cake Group, according to Golden Finance. In addition to ruling that there was no reason to shut down the Crypto Assets company, Justice Commissioner Alex Wong added at the court hearing that it was inappropriate for U-Zyn Chua to seek liquidation as a quick solution to the problem where other remedies were available.

Chua U-Zyn, co-founder and CTO of crypto firm Cake Group, which filed for liquidation in Singapore's High Court in November 2023, is considering a full takeover of the company. Based on a potential deal announced at a court hearing in Singapore, Chua intends to acquire Cake Group co-founder and CEO Julian Hosp's stake in the company. The judge overseeing the liquidation application adjourned the case for five weeks so that Chua could consider the proposal. （Tech in Asia）

PANews reported on December 7 that, according to Tech in Asia, Chua U-Zyn, co-founder and chief technology officer of Cake Group, the Bake.io parent company of Singapore's crypto investment platform, has applied to the Singapore High Court to liquidate the company. Previously, on November 14, Cake Group announced a 30% layoff.

The co-founder of Singapore-based crypto investment firm Cake Group, which operates a Singapore-based online platform that offers decentralized financial services and products, has filed to shut down the company, Golden Finance reported. The winding-up notice on December 7 revealed that the company's co-founder and chief technology officer, Chua U-Zyn, represented by Singapore-based law firm Rajah &Tann, had applied to the High Court on December 1.