Foreign proceeding (ancillary)
Sixteenth Report dated June 1, 2026.pdf
Court officer report · 1 June 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 filing4 verified
- operational summaryThe company is in provisional liquidation; the JPLs continue efforts to secure control of the PRC operating subsidiaries and HK subsidiaries, pursue cost recoveries in Hong Kong, recovered c. US$5.7 million in redemption proceeds via a BVI subsidiary, and defend a US class action complaint.
- professional feesnote: Legal fees and expenses of US$16,043k bring total costs incurred to US$34,198k, of which US$29,290k paid and US$4,908k outstanding. The text of para 6.2.1 says approximately US$32.38 million, which is inconsistent with the table total of US$34,198k. Fee figures are in US$'000 per table header. · party: Joint Provisional Liquidators (JPLs) - liquidators' fees and expenses · amount: 18155000 · period: cumulative to 31 March 2026 · currency: USD
- report date1 June 2026
- report noSixteenth Report