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member since 2008-06-13
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On 11 June 2008, the High Court of the HKSAR granted the winding up order against the Company. The Company is therefore now “in liquidation”, with Edward Middleton and Patrick Cowley of KPMG continuing as Provisional Liquidators, pending the appointment of Liquidators.
At this stage, the Provisional Liquidators are continuing their work to gather in and realize the Company’s assets, which is expected to take several months.
The next significant milestone in the liquidation process will be the appointment of the Liquidators, which we expect to occur by the end of July.
Once appointed, the Liquidators will then request creditors to formally submit their claims, by completing a Proof of Debt form. The claims will then be subject to adjudication by the Liquidators, in accordance with Hong Kong legislation and practice.