Beauty China - Winding-up order against the Company

The Board of Directors of Beauty China Holdings Limited (the "Company") refer to the Company’s announcements made on 12 March 2009, 22 June 2009, 26 August 2009 and 31 August 2009 in respect of the winding-up petition against the Company on 18 June 2009 by the High Court of the Hong Kong Special Administrative Region (the “High Court”) presented by Industrial and Commercial Bank of China (Asia) Limited together with Banco Weng Hang, S.A., CIMB Bank Berhad, Hong Kong Branch, MCL Global Portfolios SPC Ltd - MCL Focus Opportunities Segregated Portfolio Fund and Public Bank (Hong Kong) Limited.

The Company wishes to inform shareholders that a winding-up order against the Company was made by the High Court on 7 September 2009 appointing the Official Receiver in Hong Kong to act as the provisional liquidator to the Company.

The Company will continue to keep shareholders informed and updated on material developments in respect of the status of the Company. Further announcements will be made as and when appropriate on a timely manner.

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2 comments:

Anonymous said...

now that a winding up order against Beauty China has been issues, is there any hope left for shareholders? I do not know Hongkong right, so I wonder, whether it is now Game over for Beauty?

Anonymous said...

no hope?