CELESTIAL NUTRIFOODS LIMITED (IN LIQUIDATION) (Incorporated in Bermuda) (Company Registration Number 34139)
The Liquidator of Celestial Nutrifoods Limited (the “Company”) wishes to announce that:
1. On Friday, 2 December 2011, the Winding Up Application was heard in the High Court of the Republic of Singapore before the Honourable Justice Lai Siu Chiu (“Justice Lai”);
2. At the hearing, Justice Lai ordered the Company to be wound under the provision of the Companies Act (Cap 50), and that Steven Yit Chee Wah, care of FTI Consulting (Singapore) Pte Ltd, be appointed as Liquidator of the Company.
The Liquidator will provide further updates as and when appropriate.
Any queries in relation to this matter may be directed to Hubert Chang of this office on (+65 6831 7820).
Yit Chee Wah
Liquidator
5 January 2012
From your gut feel (as u have experiences in such processes), how much is recoverable for shareholders ?
ReplyDeleteI don't think any shareholder cares about how much can be recovered. Rather sent this China Trash to jail.
ReplyDeleteJust wondering SGX can't do a shit with so many trash company from China.
If you are an investor and you think that there has been wrongdoing at Celestial Nutrifoods then you need to file a report with the Commercial Affairs Division (CAD). They handle investigations on matters such as corporate fraud. If you do not file a complaint, no one will ever be investigated or punished.
ReplyDeleteDirector
Commercial Affairs Department
391 New Bridge Road #06-701
Police Cantonment Complex Block D
Singapore 088762