Investigation & Liquidation

Provisional and Official Liquidators of Singapore-listed company, one of the largest producers of pedigree bull semen, dairy cow embryos and raw milk in PRC with its primary operation in Daqing, PRC. Our appointment followed the company’s default on the repayment of USD 150 million convertible bonds. Our work involved successfully enlisting the support of the company’s founder in order to formulate a settlement in respect of the outstanding convertible bonds, which was subsequently approved by the bondholders and the Cayman Court.

Following the default in payment by the company’s founder pursuant to the settlement arrangement, we have pursued extensive investigations in the company’s financial and operational affairs including tracing the whereabouts of the bond proceeds.

Key People