Foreign proceeding (ancillary)
Fifteenth Report dated March 2, 2026.pdf
Court officer report · 2 March 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing5 verified
- cash on handnote: Total balance of bank accounts for GCBC (the Company). Subsidiary bank accounts separately total c.US$168k (excluding known balances of PRC Subsidiaries), c.US$155k of which has been recovered. No as-at date stated for the balances. · amount: 218000 · currency: USD · qualifier: c.
- operational summaryThe Company is in provisional liquidation and is delisted from the NYSE. The JPLs are working to secure control of the Group, including the PRC operating subsidiaries, through ongoing litigation in Hong Kong, the PRC, the Cayman Islands and the US, after the HK appeal courts' judgments became final.
- professional feesnote: Stated in US$'000 as 17,305. Legal fees and expenses of instructed counsel are a further US$15,074k; total costs incurred c.US$32.38 million, of which US$29,177k paid and US$3,203k outstanding. Court-sanctioned remuneration: US$9,274,956.43 (22 Sep 2022 to 30 Sep 2023) and US$2,517,276 (1 Oct 2023 to 30 Sep 2024), each subject to a 10% discount on fees. Tax treatment not stated. · party: JPLs (Liquidators' fees and expenses) · amount: 17305000 · period: 22 September 2022 to 31 December 2025 (cumulative costs to 31 December 2025) · currency: USD
- report date2 March 2026
- report noFifteenth Report