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Ocean Grand liquidators get court approval for litigation financing
HK Court of First Instance, 8-Oct-2015
The companies are not named, but from the case numbers we know that they are former subsidiaries of Ocean Grand Holdings Ltd, which collapsed in 2006. The parent company went through a scheme of arrangement and emerged as Zhidao (1220). The liquidators, presumably still Deloitte, can now sue unnamed persons to try to recover money for the bondholders, who as of 2008 were owed about HK$1.2bn.
Organisations
- Deloitte Touche Tohmatsu (HK)
- HING YIP HOLDINGS (HONG KONG) LIMITED 興業控股(香港)有限公司
- KENLAP P.G.C. MANUFACTURER COMPANY LIMITED 僑立精細化工有限公司
- OG DEVELOPMENT COMPANY LIMITED 海域建業有限公司
- SKY LEADER INDUSTRIES LIMITED 天隆實業有限公司
- ZHIDAO INTERNATIONAL (HOLDINGS) LIMITED
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