British Columbia · CCAA
Fourteenth Report of the Monitor (July 12, 2022)
Court officer report · 12 July 2022
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What we verified from this filing10 verified
- cash on handnote: Closing Cash Position per cash flow variance table, C$000s scale · as at: 2022-06-30 · amount: 151000 · currency: CAD
- closing confirmedscope: the Acquisition Agreement and the QC Acquisition Agreement · outcome: completed · purchaser: Miniso Trading Canada Inc., Miniso Lifestyle Canada Inc. and Miniso Franchise Canada Inc. · date basis: unstated · approval order date: 2019-11-06
- disbursementsnote: Total Disbursements for period ended June 30, 2022, C$000s scale · since: March 16, 2022 · amount: 36000 · currency: CAD
- operational summaryThe 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.
- professional feesnote: Actual vs budget of $55,000; variance of $19,000 favorable · party: Monitor and professionals (Companies' actual disbursements) · amount: 36000 · period: March 16, 2022 to June 30, 2022 · currency: CAD
- purchaserMiniso Trading Canada Inc., Miniso Lifestyle Canada Inc. and Miniso Franchise Canada Inc.; 9360-3876 Quebec Inc.; Miniso BF Holding S.A.P.I de C.V.
- recovery outcomeentries: basis: estimated · quote: the planned distribution would decline from approximately 26.8% (Thirteenth Report) to approximately 20.8% · pct of: unstated · outcome: distribution · pct low: 26.8 · pct high: 26.8 · stated by: monitor · class label: Bright Migu creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: the planned distribution would decline from approximately 26.8% (Thirteenth Report) to approximately 20.8% · pct of: unstated · outcome: distribution · pct low: 20.8 · pct high: 20.8 · stated by: monitor · class label: Bright Migu creditors · interim final: unstated · claims qualifier: unstated · table missing:
- report date12 July 2022
- report noFourteenth Report
- sale outcometext: The Acquisition Agreement and QC Acquisition Agreement closed following approval and vesting orders · scope: whole_business · status: closed