Minglian Holdings Ltd. and 0882892 B.C. Ltd.
- Proceeding
- CCAACompanies' Creditors Arrangement Act, R.S.C. 1985 c. C-36
- File
- S257237
- Industry
- Real estate
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.
Notice of Application Re Fee Approval, Activity Approval and Monitors Discharge — Application / notice of application
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
The court approved the sale of the purchased assets, including the new common share, to 1599790 B.C. Ltd. under the Signature purchase agreement, with closing planned for September 18, 2026.
Source: Order Re Vesting Order
Notice of Application re Charge Increase Order and Sealing Order — Application / notice of application
Notice of Application re AVO and Stay Extension to September 4, 2026 — Application / notice of application
By order of February 26, 2026 the stay was extended to May 1, 2026.
Source: Order re DIP Increase and Stay Extension to May 1, 2026
The December 19, 2025 order settled the terms on which the Camino sale would close: vacant possession at noon on the closing date, with the seller able to extend closing by consent.
The court approved the Camino sale to Chartell Properties Ltd. and JSSQ Investments Ltd. and vested the assets in the purchasers, with closing to take place on or before January 9, 2026.
Source: Order re Approval and Vesting Order - Certified Copy
Notice of Application - Administration Charge Amendment — Application / notice of application
By order of December 1, 2025 the stay was extended to February 27, 2026.
Source: Order re Stay Extension
Notice of Application re Stay Extension to February 27, 2026 — Application / notice of application
On National Bank of Canada's application the Supreme Court of British Columbia granted the initial order under the Companies' Creditors Arrangement Act, appointing MNP Ltd. as monitor with a stay to October 6, 2025.
Outcome brief
Minglian: the Duet closes, and MNP asks to be discharged
The sale of Minglian's Duet project in Vancouver closed on September 19, the monitor reports; it received net proceeds of about $21.54 million and paid National Bank of Canada about $20.04 million on October 6. MNP intends to disclaim the presale contracts and return the deposits still in trust, and asks to be discharged with releases.
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.
Debtor
Minglian Holdings Ltd. and 0882892 B.C. Ltd.
Applicant
National Bank
Monitor
MNP
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Stephens | Supreme Court of British Columbia | 11 orders, Oct 2025 – Oct 2026 | 17 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 | 6 Oct 2025 | 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 |
| CreditorIntact Financial Corporation | Owen Bird Law Corporation | 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 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | National Bank of Canada · in 101 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 |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
14 more claims in 3 classes The stack holds Secured, PMSI / lessors and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans3 transactions · 3 closed — The Transaction approved by the Vesting Order on July 21, 2026 closed on September 19, 2026 and the Monitor received the full Purchase Price.Ninth Report of the Monitor · 6 Oct 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Signature Capital Inc.the Duet Project · asset sale | Subscribers | Closeddate not stated | Monitor's Certificate |
| 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 |
| 1599790 B.C. Ltd.the Purchased Assets (as defined in the Sale Agreement), including the New Common Share · asset sale · nominee/assignee: assignee of Signature Capital Inc. under the assignment agreement dated July 16, 2026 · ResidualCo: ResidualCo · agreement 3 Jul 2026 | Subscribers | Closed19 Sep 2026outside 9 Jan 2026 | Ninth Report of the Monitor |
National Bank of Canada: a distribution.FinalNinth Report of the Monitor · 6 Oct 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | National Bank of Canada | — | Finalper the monitor | Ninth Report of the Monitor · 6 Oct 2026 |
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.
1 blurred figure 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 plansCumulative receipts
$2K
As at 21 Aug 2026Eighth Report of the Monitor
Cumulative disbursements
As at
Cash on hand
As at
2 more reported figures
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Order Re Fee and Activity Approval, Discharge and Release
| PDF · Subscribers | |
Service List as at October 15, 2026
| PDF · Subscribers | |
Notice of Application Re Fee Approval, Activity Approval and Monitors Discharge
| PDF · Subscribers | |
Affidavit #1 of Gordon Brown
| PDF · Subscribers | |
Affidavit #1 of Lisa Hiebert
| PDF · Subscribers | |
Ninth Report of the Monitor
| PDF · Subscribers | |
Monitor’s Certificate
| PDF · Subscribers | |
Order re Stay Extension to October 23, 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 | |
Order re Stay Extension Order to September 4, 2026
| PDF · Subscribers | |
| Sixth Report of the Monitor | PDF · Subscribers | |
| Fifth Report of the Monitor | PDF · Subscribers | |
Notice of Application re AVO and Stay Extension to September 4, 2026
| PDF · Subscribers | |
| Notice of Application re 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 | |
Order re DIP Increase and Stay Extension to May 1, 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 re Stay Extension to February 27, 2026 | 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 4 November 2026, https://proceedings.ca/case/minglian-holdings-ltd-and-0882892-b-c-ltd