British Columbia · CCAA
Seventh Report of the Monitor (January 29, 2020)
Court officer report · 29 January 2020
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What we verified from this filing4 verified
- closing confirmedscope: the Acquisition Agreement / substantially all of the assets of Miniso Canada · outcome: completed · effective: 2019-11-15 · purchaser: Miniso Lifestyle Canada Inc. · date basis: stated · approval order date: 2019-11-06; scope: the QC Acquisition Agreement / Quebec Purchased Assets · outcome: completed · effective: 2019-11-15 · purchaser: 9360-3876 Quebec Inc. · date basis: stated · effective time: 12:01 am · approval order date: 2019-11-06; scope: the Peruvian Miniso assets · outcome: not_completed · date basis: unstated
- purchaserMiniso Lifestyle Canada Inc.; 9360-3876 Quebec Inc.; price: note: US$1.43 million received and held in trust (the 1120 Funds) from the Chile sale; US$2.7 million sent to Canadian counsel to be held in trust for the Peru transaction, which had not closed. · basis: cash · sealed: false · currency: USD · scope: the sale of Miniso Chile / Peruvian Miniso assets / Argentinian assets · status: not_completed · name note: purchaser of the Miniso Chile / South America (Peru, Argentina, Chile) assets, referred to as the SA Purchaser · structure: assets · name source: operative · relationship: unstated
- recovery outcomeentries: basis: plan · quote: With payment of the Withheld Funds, the distribution percentage to Affected Creditors (excluding Convenience Creditors) is 7.35% of the $7.4 million of admitted claims. · pct of: unstated · outcome: distribution · pct low: 7.35 · pct high: 7.35 · class key: unsecured · stated by: monitor · class label: Affected Creditors (excluding Convenience Creditors) · claims amount: 7400000 · interim final: unstated · claims qualifier: listed · table missing:
- sale outcometext: The Lifestyle and QC transactions have closed; the South America (Peru/Argentina) transactions remain unclosed and uncertain. · scope: whole_business · status: closed