#Claims
A claims procedure was approved, setting a claims bar date of 2026-11-16.
Source: Creditor's Package
He Yuan Investment Ltd
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- Proceeding
- Receivership (court-appointed)Section 39 of the Law and Equity Act, R.S.B.C. 1996 c. 253, as amended
- File
- NO. S-258457
Filings held12
Last activity28 Jul 2026
On the record351 days
OverviewSummary updated
He Yuan Investment Ltd has been in receivership in the Supreme Court of British Columbia (court file S-258457) since November 19, 2025, with MNP Ltd. as receiver and manager under section 39 of the Law and Equity Act. On April 1, 2026, the court approved the sale of the company's 10,785,038 Class B Preferred Units in Globalive LP to Globalive WOB SPV LP, which bought them for cancellation for $2,131,291.19 in cash; that sale has closed. The receiver has also sought approval of a stalking-horse sale solicitation process for the company's interest in Globalive LP. On July 28, 2026, the court approved a claims process, with a claims bar date of November 16, 2026.
Claims processIf you are owed money
Proceedings AIOpen Proceedings AI
Case updates11 dated entries · 1 undated
#Filing
Notice of Application re Claims Process Order / SSP Order — Application / notice of application
#Sale
The court granted an approval and vesting order for the sale to Globalive WOB SPV LP. Closing terms, as extracted: Receiver may extend the Closing Date with Purchaser's consent, without further Order.
#Order
Receivership order made, placing He Yuan Investment Ltd into court-appointed receivership and commencing the proceeding in the Supreme Court of British Columbia under file S-258457.
Undated filings1 — no date appears on the document · show
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AnalysisAll insights
Case update
He Yuan: an 8.5% sale that piggy-back rights could turn into 100%
MNP, as receiver, asked for a sale process for He Yuan Investment's 41,600,422 Class B units in the partnership that owns Wealth One Bank, with other unitholders' first-refusal and piggy-back rights stayed. A notice to creditors confirms the July 28 claims process order and a November 16 bar date; no other order from that hearing is in the record.
Parties
Debtor
He Yuan Investment Ltd
Receiver
MNP
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | IMM Capital Advisors Inc.Amount listed as 'Unknown' in creditors list · as of 24 Nov 2025 | — | List of Creditors as at November 24, 2025 |
| Unsecured | |||
| Unsecured | |||
| Unsecured |
3 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount.
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See all plans“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Sale processAs stated in the filings
3 transactions · 2 closed · 1 proposed — The Receiver seeks approval of a stalking horse sale solicitation process for the sale of the Company's interest in Globalive LPReceiver's Second Report to Court · 13 Jul 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Globalive WOB SPV LPthe assets described in the Sale Agreement (the 'Purchased Assets') · asset sale · agreement 26 Feb 2026 | not stated | Closeddate not stated | Receiver's Second Report to Court |
| Globalive WOB SPV LP10,785,038 Class B Preferred Units in Globalive LP · share sale · agreement 20 Feb 2026 | Subscribers | Closed | Receiver's Second Report to Court |
| Stalking Horse Bidder to be selected from LPA and Class A unitholders; not yet identifiedall, or substantially all, of the Class B Common Units in Globalive WOB SPV LP · auction | not stated | Proposed | Receiver's Second Report to Court |
AdvisorsMNP Corporate Finance Inc. (sale agent)Receiver's Second Report to Court
Closing termsReceiver may extend the Closing Date with Purchaser's consent, without further OrderOrder re Approval and Vesting Order
Documents
12 filings
| Date | Document | File |
|---|---|---|
Creditor's Package
| PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
| Notice of Application re Claims Process Order / SSP Order | PDF · Subscribers | |
| Service List | PDF · Subscribers | |
Receiver's Second Report to Court
| PDF · Subscribers | |
Order re Approval and Vesting Order
| PDF · Subscribers | |
Affidavit #1 of Morgan Conway
| PDF · Subscribers | |
Notice of Application
| PDF · Subscribers | |
Receiver's First Report to Court
| PDF · Subscribers | |
List of Creditors as at November 24, 2025
| PDF · Subscribers | |
Receivership Order entered November 24, 2025
| PDF · Subscribers | |
| Proof of Claim Form | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “He Yuan Investment Ltd” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/he-yuan-investment-ltd