Migu Investments Inc., Miniso (Canada) Store Inc. and Miniso Canada Investments Inc., et al
Migu Investments Inc., Miniso (Canada) Store Inc. and Miniso Canada Investments Inc. have been under CCAA protection since July 12, 2019, together with the MC Store subsidiaries. Unaudited management accounts as at May 31, 2019 show consolidated assets of $53,346,000 against liabilities of $55,479,000, and for the year ended March 31, 2019 the group reported sales of $49.3 million and a net loss of $7.2 million. Miniso Group, a related party, claims $30,200,000 as the secured portion of approximately $36.5 million of accounts payable for inventory purchases, security the monitor's counsel is reviewing. Known creditors owed more than $1,000 were estimated at $35.5 million as at July 12, 2019, led by related parties: Miniso China at $17,321,982.49, Miniso Trading Canada Inc. at $11,165,808.25 and MIHK Management Inc. at $2,701,644.76.
A claims procedure has been established — see the order for deadlines.
Per the Court Orders dated 16 February 2023.
The officer filed report no. Fourteenth Report. The Companies have no active operations following the November 2019 Acquisition Agreement closing; the Monitor continues to administer claims processes (including the Bright Migu Claims Process), adjudicate late and disputed claims, and process minimal disbursements.
The officer filed report no. Thirteenth Report. The Companies' operating business was sold and all active employees transferred to the purchasers on the November 15, 2019 closing, and the Monitor now controls the Companies' funds to settle pre-closing expenses. The CCAA proceedings are described as largely complete, with the Monitor proposing to distribute the 1120 Funds and assign the remaining insolvent entities into bankruptcy.
The officer filed report no. Twelfth Report of the Monitor. The Companies' active employees were transferred to Lifestyle or the QC Purchaser after the Acquisition Agreement closed in November 2019, so the estate has no sales receipts and the Monitor controls its funds to settle pre-closing expenses. The Monitor is winding down the estate, and the SA Claim and the distribution of the 1120 Funds remain outstanding.
The officer filed report no. Eleventh Report. The companies are not operating; all employees transferred to Lifestyle or the QC Purchaser at closing, and the Monitor is winding down the estate, with remaining matters being the Chilean Claim adjudication and distribution of the 1120 Funds. The Monitor seeks authority to assign certain entities into bankruptcy and extend the stay to September 30, 2021.
Notice of Application of the Monitor, returnable March 25, 2021 — Application / notice of application
The officer filed report no. Tenth Report of the Monitor. The Companies no longer operate; all active employees transferred to Lifestyle or the QC Purchaser on closing, and the Monitor is winding down the estate by settling pre-closing expenses, pursuing the unpaid QC promissory note, resolving the SA Purchaser's claim against the 1120 Funds and exploring a second plan or distribution to creditors.
The officer filed report no. Ninth Report of the Monitor. Miniso Canada no longer operates: all active employees and store operations were transferred to Lifestyle or the QC Purchaser on closing. The Monitor controls the remaining bank accounts (77 of 78 closed), is settling pre-closing expenses, and is resolving tax matters and competing claims to the 1120 Funds ahead of a possible second plan or distribution.
The officer filed report no. Eighth Report. The Companies' operations were transferred to Lifestyle and the QC Purchaser on closing of the acquisitions. The Monitor controls the bank accounts, is settling remaining pre-closing expenses and sales tax remittances, and is working to resolve competing claims to the 1120 Funds before developing a second plan.
Order Made After Application (Bright Migu International Ltd. Claims Process Order) — Claims procedure order
The officer filed report no. Seventh Report. All operations have been closed or acquired by Lifestyle or the QC Purchaser as of November 15, 2019, and all active employees were transferred to them. The Companies now receive no sales receipts of their own; the Monitor controls their bank accounts, settles pre-closing expenses, and remits post-closing card receipts to the purchasers.
Requisition (reset hearing of the JV Investors’ application to December 4, 2019) — Application / notice of application
Requisition (reset hearing of the JV Investors’ application to November 18, 2019) — Notice of hearing
The court granted an approval and vesting order for the sale to Miniso Lifestyle Canada Inc. Closing terms, as extracted: Vesting occurs upon delivery by the Monitor of the Monitor's Certificate; vacant possession delivered at the Closing Date; the Monitor, with the Purchaser's consent, may extend the Closing Date without further order.
Source: Order Made After Application (Approval and Vesting Order - Acquisition Agreement)
The court granted an approval and vesting order for the sale to 9360-3876 Quebec I nc. Closing terms, as extracted: Closing Date is 12:00 noon (Vancouver time) on the date 10 business days following the date of the Approval and Vesting Order; the Monitor, with the Purchaser's consent, may extend it without further order.
Source: Order Made After Application (Approval and Vesting Order - QC Acquisition Agreement)
Application Record Cover – Index (set aside stay of proceedings) — Application / notice of application
The officer filed report no. Sixth Report. The Companies continue operating stores and are being run by the Manager and Monitor without a CEO. The Plan and Acquisition Agreement contemplate the Purchasers acquiring substantially all assets and continuing operations, with over 450 employees offered employment, while the Companies wind down and the Monitor completes the CCAA proceedings.
Adjudication Process – JV Investors - Notice of Application — Application / notice of application
Adjudication Process – JV Investors – Notice of Application (Schedule A) — Application / notice of application
Adjudication Process – JV Investors – Notice of Application (Schedule B) — Application / notice of application
Adjudication Process – Notice of Application from the Petitioners (October 11, 2019) — Application / notice of application
Notice of Application of the Monitor returnable August 22, 2019 — Application / notice of application
Undated filings6 — no date appears on the document · show
Adjudication Process - Application Response of the Monitor on the JV Investors’ Application — Application filed
Adjudication Process - Application Response of the Monitor on the Petitioners’ Application — Application filed
Application Response of the Monitor (set aside stay of proceedings) — Application filed
Application Response of the Petitioners (set aside stay of proceedings) — Application filed
Monitor’s Certificate - Acquisition Agreement (9360-3876 Quebec Inc.) — Court officer report filed
Debtor
Migu Investments Inc., Miniso (Canada) Store Inc. and Miniso Canada Investments Inc., et al
Monitor
Alvarez & Marsal
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Fitzpatrick | Supreme Court of British Columbia | 19 orders, Jul 2019 – May 2022 | 60 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorAlvarez & Marsal | Dentons Canada LLP | 10 Oct 2019 | Service list · 11 May 2022 |
| ApplicantMigu Investments Inc., Miniso (Canada) Store Inc. and Miniso Canada Investments Inc., et al | Fasken Martineau DuMoulin LLP · Gowling WLG (Canada) LLP | 28 Jan 2020 | Service list · 11 May 2022 |
| CreditorBentall Kennedy (Canada) LP ITF Sun Life Assurance Company Of Canada | Daoust Vukovich LLP | 28 Jan 2020 | Service list · 11 May 2022 |
| CreditorCadillac Fairview | Torys LLP | 22 Sep 2021 | Application · 22 Sep 2021 |
| CreditorCadillac Fairview Corporation Limited | Torys LLP | 28 Jan 2020 | Service list · 11 May 2022 |
| CreditorFirst Capital Realty Inc | Torys LLP | 28 Jan 2020 | Service list · 11 May 2022 |
| CreditorGriesbach Village Properties Inc | Witten LLP | 28 Jan 2020 | Application · 28 Jan 2020 |
| CreditorHarry Tao Xu | DS Avocats Canada s.e.n.c.r.l., s.r.l. | 11 Oct 2019 | Application · 11 Oct 2019 |
| CreditorHarry Tao Xu Gehlen Dabbs Lawyers | DS Avocats Canada s.e.n.c.r.l., s.r.l. | 6 May 2020 | Application · 6 May 2020 |
| CreditorJV Investors | Bridgehouse Law LLP | 6 Nov 2019 | Application · 6 Nov 2019 |
| CreditorJV Investors for Scarborough TC | Clark Wilson LLP · Brauti Thorning LLP | 11 Oct 2019 | Application · 28 Jan 2020 |
| CreditorMr. Sam Haifeng Wang | TX Law Firm | 28 Jan 2020 | Application · 28 Jan 2020 |
| CreditorOxford Properties Landlords | Thornton Grout Finnigan LLP | 28 Jan 2020 | Service list · 11 May 2022 |
| CreditorRacking Direct Limited | Miller Thomson LLP | 28 Jan 2020 | Service list · 11 May 2022 |
| CreditorRobson Street Partners, Inc | Webster Hudson & Coombe LLP | 11 Oct 2019 | Application · 11 Oct 2019 |
| CreditorVarious JV Investors | Bridgehouse Law LLP | 6 May 2020 | Service list · 11 May 2022 |
| Creditorvarious Landlords: Ivanhoe Cambridge, RioCan, Cushman & Wakefield, Brookfield, Cominar REIT, Morguard | Camelino Galessiere LLP | 11 May 2022 | Service list · 11 May 2022 |
| CreditorWexford Whyte Ave LP, by its GP, Wexford Whyte Ave Advisors Corp | Bishop & McKenzie LLP | 28 Jan 2020 | Service list · 11 May 2022 |
| CreditorWhite Oaks Mall Holdings Ltd | Blaney McMurtry LLP | 28 Jan 2020 | Service list · 11 May 2022 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Miniso GroupSecured portion of accounts payable for inventory purchases (approx. $30.2 million out of $36.5 million total accounts payable) — Validity of the security held by Miniso Group being reviewed by Monitor's counsel; related party (parent/affiliate) — debtor: Miniso Canada (consolidated) · as of 31 May 2019 | $30.2M | First Report of the Monitor (July 18, 2019) |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
129 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans6 transactions · 3 closed · 2 proposed · 1 not completed — The Acquisition Agreement and QC Acquisition Agreement closed following approval and vesting ordersFourteenth Report of the Monitor (July 12, 2022) · 12 Jul 2022
| Purchaser | Price | Status | Source |
|---|---|---|---|
| MINISO BF HOLDINGS S.A.P.I DE C.V.certain Purchased Assets in respect of the Business carried on by the Vendors in the relevant Territories · asset sale · agreement 4 Apr 2019 | Subscribers | Proposed | Second Monitor’s Report dated August 19, 2019 |
| Bin Wu (through the Wu Holdcos)the Four QC Stores (inventory and leases) · asset sale | Subscribers | Proposed | Sixth Report of the Monitor (November 1, 2019) |
| 9360-3876 Quebec I nc.the MCI Interest in the JV Stores, the Corporate Store Assets and the Inventory Assets (the Purchased Assets) of three JV Miniso stores and one corporate Miniso store in Quebec · asset sale · agreement 5 Sep 2019 | Subscribers | Closed15 Nov 2019 | Seventh Report of the Monitor (January 29, 2020) |
| Miniso Lifestyle Canada Inc.the assets described in the Acquisition Agreement (the "Purchased Assets") of the Migu Vendor Companies · asset sale · nominee/assignee: any designated affiliate, as provided for in the Acquisition Agreement · agreement 5 Nov 2019 | Subscribers | Closed15 Nov 2019 | Seventh Report of the Monitor (January 29, 2020) |
| purchaser of the Miniso Chile / South America (Peru, Argentina, Chile) assets, referred to as the SA Purchasersale of Miniso Chile, Peruvian Miniso assets, and Argentinian assets · asset sale | Subscribers | Not completed23 Aug 2019 | Sixth Report of the Monitor (November 1, 2019) |
| Miniso BF Holding S.A.P.I de C.V.the Chilean Miniso stores, assets and operations (collectively, 'Miniso Chile') · asset sale | Subscribers | Closed23 Aug 2019 | Third Report of the Monitor (September 11, 2019) |
Unsecured creditors: a distribution. MCI no distribution · Braeloch Forty-One a distribution · Bright Migu a distribution.EstimatedFourteenth Report of the Monitor (July 12, 2022) · 12 Jul 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | MCI | — | no distribution | Under the planper the court | Order Made After Application (Sanction Order) · 6 Nov 2019 |
| Unsecured | Bright Migu creditors | — | Estimatedper the monitor | Fourteenth Report of the Monitor (July 12, 2022) · 12 Jul 2022 | |
| Unsecured | Related Parties | — | no distribution | Under the planper the court | Order Made After Application (Sanction Order) · 6 Nov 2019 |
| Unsecured | Braeloch Forty-One | asserted | conditional | Estimatedper the monitor | Thirteenth Report of the Monitor (March 24, 2022) · 24 Mar 2022 |
| class not placedBright Migu | Bright Migu | asserted | conditional | Estimatedper the monitor | Thirteenth Report of the Monitor (March 24, 2022) · 24 Mar 2022 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
6 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs at ·
Cumulative receipts
$0
As at 19 Aug 2020Ninth Report of the Monitor (August 19, 2020)
Cumulative disbursements
As at
Cash on hand
As at
Professional fees
As at
3 more reported figures, and the 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Court Orders | PDF · Subscribers | |
| Requisition - July 21, 2022 hearing | PDF · Subscribers | |
Fourteenth Report of the Monitor (July 12, 2022)
| PDF · Subscribers | |
| Affidavit #2 of D. Purdy, made and filed Jun 30, 2022 | PDF · Subscribers | |
| Application Response, filed June 30, 2022 | PDF · Subscribers | |
Service List (May 11, 2022)
| PDF · Subscribers | |
| Affidavit #1 of Hai Feng Wang made May 10, 2022 filed May 11, 2022 | PDF · Subscribers | |
Order made after application (approval of fees and stay extension)
| PDF · Subscribers | |
| Application Response, filed May 6, 2022 | PDF · Subscribers | |
| Affidavit #1 of Darlene Purdy, made May 5, 2022, filed May 9, 2022 | PDF · Subscribers | |
| Affidavit #1 of Anthony Tillman filed April 27, 2022 | PDF · Subscribers | |
| Affidavit #1 of John Sandrelli filed April 27 2022 | PDF · Subscribers | |
| Notice of Application (April 27, 2022) | PDF · Subscribers | |
Order Made after Application (Extension of Stay)
| PDF · Subscribers | |
Thirteenth Report of the Monitor (March 24, 2022)
| PDF · Subscribers | |
Notice of Application dated March 23, 2022
| PDF · Subscribers | |
| Order Made after Application | PDF · Subscribers | |
Notice of Application dated September 22, 2021
| PDF · Subscribers | |
Twelfth Report of the Monitor (September 22, 2021)
| PDF · Subscribers | |
| Response to Statement and Brief of Bahadur Gaidhar | PDF · Subscribers | |
| Requisition setting hearing to May 19 | PDF · Subscribers | |
Eleventh Report of the Monitor (March 19, 2021)
| PDF · Subscribers | |
| Notice of Application of the Monitor, returnable March 25, 2021 | PDF · Subscribers | |
| Appearance List via Teleconference/Dial in details | PDF · Subscribers | |
| Application Record | PDF · Subscribers | |
Order Made after Application dated November 24, 2020
| PDF · Subscribers | |
Notice of application
| PDF · Subscribers | |
Tenth Report of the Monitor (November 19, 2020)
| PDF · Subscribers | |
Order Extending Stay and Miscellaneous Relief
| PDF · Subscribers | |
Ninth Report of the Monitor (August 19, 2020)
| PDF · Subscribers | |
Notice of Application returnable May 6, 2020
| PDF · Subscribers | |
| Requisition (setting hearing date to May 6, 2020) | PDF · Subscribers | |
Eighth Report of the Monitor (May 1, 2020)
| PDF · Subscribers | |
Application Record Index (January 31, 2020 hearing)
| PDF · Subscribers | |
| Miniso International Claims Process Instruction Letter | PDF · Subscribers | |
Order Made After Application (Bright Migu International Ltd. Claims Process Order)
| PDF · Subscribers | |
Order Made After Application (Extension of Stay, Amendment of Assignment Order and Addition of Respondent)
| PDF · Subscribers | |
Seventh Report of the Monitor (January 29, 2020)
| PDF · Subscribers | |
Notice of Application of the Monitor
| PDF · Subscribers | |
| Requisition (setting hearing for Jan 31, 2020) | PDF · Subscribers | |
| Order lifting the stay of proceedings against directors and officers | PDF · Subscribers | |
| Affidavit of Service (Ling Lin) filed December 4, 2019 | PDF · Subscribers | |
| Affidavit of Service (Ting Lin) filed December 4, 2019 | PDF · Subscribers | |
Application Record for the hearing on December 4, 2019
| PDF · Subscribers | |
| Notice of Abandonment (to oppose disclaimer) | PDF · Subscribers | |
| Requisition (reset hearing of the JV Investors’ application to December 4, 2019) | PDF · Subscribers | |
| Affidavit #2 of N. Walnicki filed December 2, 2019 | PDF · Subscribers | |
| Affidavit of Delivery filed December 2, 2019 | PDF · Subscribers | |
| Affidavit of Personal Service (Dan Lin) filed December 2, 2019 | PDF · Subscribers | |
| Affidavit of Personal Service (Jing Lin) filed December 2, 2019 | PDF · Subscribers | |
| Affidavit #1 of N. Walnicki filed November 27, 2019 | PDF · Subscribers | |
| Requisition (reset hearing of the JV Investors’ application to November 18, 2019) | PDF · Subscribers | |
Monitor’s Certificate – Acquisition Agreement (Miniso Lifestyle)
| PDF · Subscribers | |
| Affidavit #1 of Vicki Tickle (McMillan) | PDF · Subscribers | |
| Affidavit #3 of J. Hutchinson (McMillan) | PDF · Subscribers | |
Application Record Cover – Index (set aside stay of proceedings)
| PDF · Subscribers | |
| Notice of Application (McMillan) | PDF · Subscribers | |
Notice of Application (set aside stay of proceedings)
| PDF · Subscribers | |
Order Made After Application (Assignment Order)
| PDF · Subscribers | |
Order Made After Application (McMillan ceasing to act)
| PDF · Subscribers | |
Order Made After Application (Order Extending Stay and Miscellaneous Relief)
| PDF · Subscribers | |
Order Made After Application (Approval and Vesting Order - Acquisition Agreement)
| PDF · Subscribers | |
Order Made After Application – Adjudication Process regarding the Petitioners’ Security
| PDF · Subscribers | |
Order Made After Application (Sanction Order)
| PDF · Subscribers | |
Sixth Report of the Monitor (November 1, 2019)
| PDF · Subscribers | |
| Notice of Application (October 31, 2019) | PDF · Subscribers | |
| Adjudication Process – Petitioners - Application Response | PDF · Subscribers | |
| Adjudication Process – Requisition | PDF · Subscribers | |
| Meeting Order | PDF · Subscribers | |
| Adjudication Process – Affidavit #1 of J. Christie (October 11, 2019) | PDF · Subscribers | |
| Adjudication Process – Affidavit #1 of Tao Lu (October 11, 2019) | PDF · Subscribers | |
| Adjudication Process – JV Investors - Notice of Application | PDF · Subscribers | |
| Adjudication Process – JV Investors – Notice of Application (Schedule A) | PDF · Subscribers | |
Adjudication Process – JV Investors – Notice of Application (Schedule B)
| PDF · Subscribers | |
| Adjudication Process – Notice of Application from the Petitioners (October 11, 2019) | PDF · Subscribers | |
| Fifth Report of the Monitor (October 11, 2019) | PDF · Subscribers | |
| Fifth Report of the Monitor (October 11, 2019) – Appendix A | PDF · Subscribers | |
Application Record (October 10, 2019)
| PDF · Subscribers | |
| Notice of Application (October 10, 2019) | PDF · Subscribers | |
| Notice of Dispute | PDF · Subscribers | |
Adjudication Process Order (October 1, 2019)
| PDF · Subscribers | |
| Fourth Report of the Monitor (September 27, 2019) | PDF · Subscribers | |
| Notice of Application (September 26, 2019) | PDF · Subscribers | |
1120 Claims Process Order
| PDF · Subscribers | |
| Affidavit of Vanessa Du (September 16, 2019) | PDF · Subscribers | |
| Application Record (September 16, 2019) | PDF · Subscribers | |
| Application Response filed September 16, 2019 | PDF · Subscribers | |
Order made after application (September 16, 2019)
| PDF · Subscribers | |
| Notice of Application (September 11, 2019) | PDF · Subscribers | |
Third Report of the Monitor (September 11, 2019)
| PDF · Subscribers | |
Order Made After Application (Approval and Vesting Order - QC Acquisition Agreement)
| PDF · Subscribers | |
| Order made after application (August 22, 2019) | PDF · Subscribers | |
| Application Response filed August 21, 2019 | PDF · Subscribers | |
| Notice of Application of the Monitor returnable August 22, 2019 | PDF · Subscribers | |
Second Monitor’s Report dated August 19, 2019
| PDF · Subscribers | |
| 1120 Claims Process Instruction Letter | PDF · Subscribers | |
| Claims Process Instruction Letter | PDF · Subscribers | |
| Claims Process Order | PDF · Subscribers | |
| Affidavit #1 of L. Li | PDF · Subscribers | |
| Affidavit of J. Hutchinson (July 19, 2019) | PDF · Subscribers | |
| Application Response | PDF · Subscribers | |
| Notice of Application - Slip Rule (July 19, 2019) | PDF · Subscribers | |
First Report of the Monitor (July 18, 2019)
| PDF · Subscribers | |
Notice of Application (July 18, 2019)
| PDF · Subscribers | |
| d First Monitors Report to the Court (July 18, 2019) | PDF · Subscribers | |
Slip Rule Order (July 17, 2019)
| PDF · Subscribers | |
Stay Extension Order (July 17, 2019)
| PDF · Subscribers | |
| 1120 Proof of Claim | PDF · Subscribers | |
| Affidavit of Qihua Chen (July 12, 2019) | PDF · Subscribers | |
| Draft Order Extending Stay and Miscellaneous Relief | PDF · Subscribers | |
Initial Order (July 12, 2019)
| PDF · Subscribers | |
| Miniso International Proof of Claim | PDF · Subscribers | |
Petition to the Court (July 12, 2019)
| PDF · Subscribers | |
| Pre-filing Report of the Proposed Monitor (July 12, 2019) | PDF · Subscribers | |
| Proof of Claim | PDF · Subscribers | |
| Adjudication Process - Application Response of the Monitor on the JV Investors’ Application | PDF · Subscribers | |
| Adjudication Process - Application Response of the Monitor on the Petitioners’ Application | PDF · Subscribers | |
| Application Response of the Monitor (set aside stay of proceedings) | PDF · Subscribers | |
| Application Response of the Petitioners (set aside stay of proceedings) | PDF · Subscribers | |
| Miniso International Notice of Dispute | PDF · Subscribers | |
Monitor’s Certificate - Acquisition Agreement (9360-3876 Quebec Inc.)
| 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., “Migu Investments Inc., Miniso (Canada) Store Inc. and Miniso Canada Investments Inc., et al” (CCAA), Supreme Court of British Columbia. Retrieved 5 November 2026, https://proceedings.ca/case/migu-investments-inc-miniso-canada-store-inc-and-miniso-canada-investments-inc-e