#Filing
Notice of Application re AVO and Stay Extension to September 4, 2026 — Application / notice of application
Minglian Holdings Ltd. and 0882892 B.C. Ltd.
FollowActive
- Proceeding
- CCAACompanies' Creditors Arrangement Act, R.S.C. 1985 c. C-36
- File
- S257237
OverviewSummary updated
Minglian Holdings Ltd. and 0882892 B.C. Ltd. remain in CCAA proceedings commenced September 25, 2025, with the stay of proceedings now extended to September 4, 2026. The Initial Order granted a first-ranking Administration Charge of up to $250,000 securing the fees of McCarthy Tétrault LLP, MNP Ltd. as Monitor and Fasken Martineau DuMoulin LLP, and an Interim Lender's Charge of up to $500,000 in favour of National Bank of Canada as Interim Lender; a Comeback Application sought increases to $500,000 and $1,150,000 respectively. NBC, senior lender on the Spruce Project, was owed approximately $35.4 million jointly and severally as at August 5, 2025, guaranteed by Sean Huang and other Minglian Group nominee companies. Seven builders liens, individually ranging from $6,066.69 to $277,647.89, are registered against the Spruce Project Lands. Further orders were made on October 6 and December 1, 2025, and February 26, April 24 and June 26, 2026.
Proceedings AIAsk this case — answers cite the filings
Case updates44 dated entries
#Report
Monitor's Eighth Report: Minglian has ceased active operations, moving its employees to an entity outside the proceedings and ending its office and equipment leases; the Monitor held approximately $397,500 for the Duet Project at August 9, 2026.
Source: Eighth Report of the Monitor
41 earlier updates, back to 25 September 2025 — subscribers.
AnalysisAll insights
Case update
Minglian: nine storeys on Spruce Street, sold as they stand
MNP asks to carry the CCAA stay to October 23 so the sale of Minglian's half-built Duet building at 2511 Spruce Street, Vancouver, can close on September 18, after six months of marketing, a subject-free $18.3 million offer, the dismissal of the developer's bid to finish the building on a $25.0 million loan, and a sealed-bid round whose winning price stays under seal.
Parties
Debtor
Minglian Holdings Ltd. and 0882892 B.C. Ltd.
Applicant
National Bank
Monitor
MNP
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Stephens | Supreme Court of British Columbia | 7 orders, Dec 2025 – Sep 2026 | 12 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorMNP | Fasken Martineau DuMoulin LLP | 10 Dec 2025 | Application · 10 Dec 2025 |
| ApplicantNational Bank | McCarthy Tétrault LLP | 9 Jul 2026 | Service list · 9 Jul 2026 |
| DebtorMinglian Holdings Ltd. and 0882892 B.C. Ltd. | Reedman Law | 9 Jul 2026 | Service list · 9 Jul 2026 |
| CreditorBrilliant Phoenix Mortgage Investment Corp | Owen Bird Law Corporation | 9 Jul 2026 | Service list · 9 Jul 2026 |
| CreditorFarm Credit Canada | Miller Thomson LLP | 9 Jul 2026 | Service list · 9 Jul 2026 |
| CreditorGG Frank Capital Ltd | Dentons Canada LLP | 9 Jul 2026 | Service list · 9 Jul 2026 |
| CreditorMetroform Concrete Ltd | Arora Zbar LLP | 9 Jul 2026 | Service list · 9 Jul 2026 |
| CreditorStorm Guard Water Treatment Ltd | Sportschuetz & Co. | 9 Jul 2026 | Service list · 9 Jul 2026 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | National Bank of Canada · in 87 casesSpruce Mortgage and AR (first-ranking debenture/AR, registered principal $37,875,000 - registration amount, not balance); Spruce Equitable Mortgage; Spruce GSA (PPSA 532286M); Contract Assignment; Spruce Proceeds Assignment; Spruce Postponements (PPSA 532289M/537715M/532292M); Truswell Mortgage and AR (second-ranking, registered principal $2,800,000); Truswell Equitable Mortgage; Truswell Postponements (PPSA 565412Q/565431Q); Beneficial Owner GSA (PPSA 213939R); Camino Nominee GSA (PPSA 213948R); Camino Equitable Mortgage; Camino Proceeds Assignment — Prose approximation ('approximately $35.4 · as of 5 Aug 2025 | $35.4M | Affidavit #1 of Richard Dean Chan |
Sale processAs stated in the filings
3 transactions · 1 closed · 1 proposed · 1 approved — Vesting Order approved the Signature PSA on July 21, 2026; Purchaser plans to close on September 18, 2026Eighth Report of the Monitor · 21 Aug 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Chartell Properties Ltd. and JSSQ Investments Ltd. doing business as Camino Project Joint Venturethe sale of its shares in its wholly owned subsidiary, 0714061 B.C. Ltd. ... and ... the sale of Minglian's beneficial interest in the Camino Project · asset sale | not stated | Closed9 Jan 2026 | Third Report of the Monitor |
| Signature Capital Inc.the Duet Project · asset sale | Subscribers | Proposed | Seventh Report of the Monitor |
| 1599790 B.C. Ltd.the Purchased Assets (as defined in the Sale Agreement), including the New Common Share · asset sale · nominee/assignee: 1599790 B.C. Ltd., as assignee of Signature Capital Inc. · ResidualCo: ResidualCo · agreement 3 Jul 2026 | Subscribers | Approved21 Jul 2026outside 9 Jan 2026 | Order Re Vesting Order |
AdvisorsCushman & Wakefield (listing broker)Order Re Vesting Order
Closing termsVacant possession delivered on Closing Date at noon Vancouver time; Monitor and Purchaser may extend Closing Date by agreement.Order Re Vesting Order
Estate financialsReported figures — never derived
Cumulative receipts
$2K
As at 24 Aug 2026Eighth Report of the Monitor
Documents
43 filings
| Date | Document | File |
|---|---|---|
Order re Stay Extension to October 23, 2026
| PDF · Subscribers | |
Notice of Application re AVO and Stay Extension to September 4, 2026
| PDF · Subscribers | |
Order re Stay Extension Order to September 4, 2026
| PDF · Subscribers | |
Eighth Report of the Monitor
| PDF · Subscribers | |
Order Re Increase Administration Charge
| PDF · Subscribers | |
Order Re Vesting Order
| PDF · Subscribers | |
| Requisition General re Hearing to July 21, 2026 | PDF · Subscribers | |
| Affidavit #1 of Joey Law | PDF · Subscribers | |
| Notice of Application re Charge Increase Order and Sealing Order | PDF · Subscribers | |
Seventh Report of the Monitor
| PDF · Subscribers | |
Service List as at July 9, 2026
| PDF · Subscribers | |
Order re Sealing Order
| PDF · Subscribers | |
| Sixth Report of the Monitor | PDF · Subscribers | |
| Fifth Report of the Monitor | PDF · Subscribers | |
| Notice of Application re Stay Extension to May 1, 2026 | PDF · Subscribers | |
Order re DIP Increase and Stay Extension to May 1, 2026
| PDF · Subscribers | |
Order re Stay Extension to July 3 2026
| PDF · Subscribers | |
| Fourth Report of the Monitor | PDF · Subscribers | |
| Notice of Application re Stay Extension to July 3,2026 | PDF · Subscribers | |
| Notice of Application re Stay Extension to February 27, 2026 | PDF · Subscribers | |
Third Report of the Monitor
| PDF · Subscribers | |
Monitor's Certificate
| PDF · Subscribers | |
| Order re Amend ARIO | PDF · Subscribers | |
Order re Approval and Vesting Order
| PDF · Subscribers | |
Order re Approval and Vesting Order - Certified Copy
| PDF · Subscribers | |
| Requisition General re Hearing to December 12, 2025 | PDF · Subscribers | |
| Affidavit #1 of Jordan Beaulieu | PDF · Subscribers | |
Notice of Application - Administration Charge Amendment
| PDF · Subscribers | |
Second Supplement to the Second Report of the Monitor
| PDF · Subscribers | |
Order re Stay Extension
| PDF · Subscribers | |
| Supplement to the Second Report of the Monitor | PDF · Subscribers | |
| Affidavit #2 of Sean Huang | PDF · Subscribers | |
| Affidavit #1 of Dinghao Xu | PDF · Subscribers | |
| Affidavit #1 of Sean Huang | PDF · Subscribers | |
| Notice of Application – Camino Project Sale Approval | PDF · Subscribers | |
| Second Report of the Monitor | PDF · Subscribers | |
Amended and Restated Initial Order
| PDF · Subscribers | |
First Report to Court
| PDF · Subscribers | |
| Notice of Application re ARIO | PDF · Subscribers | |
Initial Order Made After Application
| PDF · Subscribers | |
Affidavit #1 of Richard Dean Chan
| PDF · Subscribers | |
Affidavit #1 of Susan Danielisz
| PDF · Subscribers | |
Petition to the Court
| 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., “Minglian Holdings Ltd. and 0882892 B.C. Ltd.” (CCAA), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/minglian-holdings-ltd-and-0882892-b-c-ltd