The Celestial Nutrifoods Investor Network has published instructions for shareholders and bondholders on how to file complaints about Celestial Nutrifoods with the Commercial Affairs Department and the Singapore Exchange.
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 Department (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.
Director
Commercial Affairs Department
391 New Bridge Road #06-701
Police Cantonment Complex Block D
Singapore 088762
You also need to file a report with the Singapore Exchange since Celestial Nutrifoods failed to disclose asset transfers and lender agreements, a violation to SGX's rules. Write to the SGX Regulatory Matters Group at the following address:
RMR/MSE
4 Shenton Way
#02-01, SGX Centre 2
Singapore 068807
This blog is intended to track the legal outcome of Celestial Nutrifoods, whose assets reached 800 million Singapore dollars by the time it was suspended in 2009, and to facilitate communications among investors. So please comment as much as possible.
UPDATE 5/1/2012
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
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
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