Plenty Choice Investments Limited
Allan Yap declared bankrupt
HK Court of First Instance, 7-Aug-2020
Of the 3 petitioning creditors, Bloom Right Ltd and Unique Rosy Ltd are owned by Huarong Investment Stock (2277) and Plenty Choice Investments Ltd is owned by China Huarong Asset Management (2799), the parent of 2277. Of the 2 supporting creditors, CW Financing Ltd is or was owned by Cordoba Homes Finance Ltd and Citizens Money Lending Corp Ltd is owned by Enerchina (0622), both being members of what we call the "Chung Nam Network".
HK Court of First Instance, 7-Aug-2020
Of the 3 petitioning creditors, Bloom Right Ltd and Unique Rosy Ltd are owned by Huarong Investment Stock (2277) and Plenty Choice Investments Ltd is owned by China Huarong Asset Management (2799), the parent of 2277. Of the 2 supporting creditors, CW Financing Ltd is or was owned by Cordoba Homes Finance Ltd and Citizens Money Lending Corp Ltd is owned by Enerchina (0622), both being members of what we call the "Chung Nam Network".
Master Glory (0275): winding up order
HK Court of First Instance, 1-Jun-2020
The 3 petitioners are all members of the China Huarong group. Of the supporting creditors, Advance Tech Ltd is owned by ITC Properties (0199) and Citizens Money Lending Corp Ltd is owned by Enerchina (0622). Justice Jonathan Harris writes that on the morning of the hearing, the company produced a "vague and unsophisticated" affirmation claiming that the "principal shareholder" (Allan Yap) is attempting to sell assets in the Mainland to settle debts. The judge calls the situation "ridiculous" and orders a winding-up.
HK Court of First Instance, 1-Jun-2020
The 3 petitioners are all members of the China Huarong group. Of the supporting creditors, Advance Tech Ltd is owned by ITC Properties (0199) and Citizens Money Lending Corp Ltd is owned by Enerchina (0622). Justice Jonathan Harris writes that on the morning of the hearing, the company produced a "vague and unsophisticated" affirmation claiming that the "principal shareholder" (Allan Yap) is attempting to sell assets in the Mainland to settle debts. The judge calls the situation "ridiculous" and orders a winding-up.
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