Moulin Global Eyecare Holdings

Moulin Global former director sued over role in firm's demise

A former director of Moulin Global Eyecare Holdings is being sued over her alleged role in the company's downfall.

Thursday, 31 January, 2008, 12:00am

Creditors of Moulin to get 12pc first payout

Court approval of initial payment plan clears the way for dividend distribution

Creditors of the failed Moulin Global Eyecare Holdings and related firms will receive an initial payment of 10 per cent to 12 per cent of their dues under a plan approved by the Court of First Instance yesterday.

3 Feb 2007 - 12:00am

Moulin sues KPMG for HK$471.8m

Liquidators of bankrupt firm say auditor failed in its duties

Moulin Global Eyecare Holdings, a bankrupt eyewear firm, has sued KPMG for HK$471.8 million, alleging the Big Four accounting firm failed in its duties as auditor from 1999 to April 2002.

KPMG said it would 'vigorously contest' the lawsuit, in which Moulin is represented by its provisional liquidators.

20 Jan 2007 - 12:00am

Shareholders left empty-handed as Moulin winds up

Scandal-ridden Moulin Global Eyecare Holdings, which claimed to be the world's third-largest eyewear maker before defaulting on its loans, will be liquidated without shareholders receiving a cent.

6 Jun 2006 - 12:00am

In secret room, behind cupboards, liquidators unearth Moulin's ghosts

Investigators scour files detailing alleged phantom debtors

Provisional liquidators of Moulin Global Eyecare Holdings - which once touted itself as the world's third-largest eyewear firm - say they have found detailed evidence of dubious transactions stashed in a secret room hidden behind hinged cupboards at the company's offices.

18 May 2006 - 12:00am

Illegal lenders pursued Moulin chief, says writ

Loan used to finance final tranche of eyewear giant's payment for US retailer

Cary Ma Lit-kin, the chief executive of scandal-tainted eyewear giant Moulin Global Eyecare Holdings, was being pursued by unlicensed money lenders as his company teetered on the brink of bankruptcy in April last year, according to a court document.

17 May 2006 - 12:00am

Liquidators seek to wind up Moulin amid legal dispute

Former in-house lawyer launches court action in US claiming 3pc stake in ECCA

The provisional liquidators of Moulin Global Eyecare Holdings are seeking to wind up the company amid an acrimonious legal dispute with a former in-house lawyer of the eyewear firm.

16 May 2006 - 12:00am

Moulin jewel asset sold for US$602m

Move by liquidators means creditors of bankrupt eyewear firm can expect to get about 30 cents to each dollar of debt

3 May 2006 - 12:00am

Quick sale tipped for bankrupt Moulin's top asset

The provisional liquidators of bankrupt Moulin Global Eyecare Holdings have not ruled out a quick sale of the Hong Kong-listed firm's most valuable asset, Eye Care Centers of America (ECCA).

8 Oct 2005 - 12:00am

Moulin's key asset a cause of worry for creditors

The United States subsidiary and most valuable asset of bankrupt Moulin Global Eyecare Holdings could be in trouble. In a development that will hound Moulin's creditors, Eye Care Centers of America yesterday revealed its own financial health was precarious.

6 Oct 2005 - 12:00am

Moulin's US unit may be listed

The provisional liquidators of debt-ridden Moulin Global Eyecare Holdings are considering long-term plans to list the Hong Kong-listed firm's United States subsidiary, Eye Care Centers of America (ECCA), even as their efforts to secure the company's mainland assets continue to be hampered by the extended family of its former controlling shareholders.

5 Sep 2005 - 12:00am

Moulin's China assets sold for $100m

Private fund makes highest bid for Zhongshan plant and Shanghai chain

Assets of debt-ridden Moulin Global Eyecare Holdings are being sold off to the highest bidders, with its core mainland business snapped up for about $100 million by the same three investors who had triggered the Harbin Brewery Group takeover.

13 Aug 2005 - 12:00am

Corrections & clarifications

Moulin Global Eyecare Holdings' shares hit a high of $11.80 on July 14, 1997, and closed at $6.35 last Friday. This was incorrectly stated in a B1 report on Monday.

9 Mar 2005 - 12:00am