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Creditors fail to show

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Meetings to approve the liquidation of companies in Tsui Tsin-tong's New China Hong Kong Group were postponed yesterday after creditors failed to show up.

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The High Court had adjourned shareholder and creditor meetings of eight principal subsidiaries until after March 1, provisional liquidator Charles Chan, Ip & Fung CPA said.

Dates had yet to be fixed. A meeting to wind up the parent company, chaired by Mr Tsui, is scheduled to be held on March 1.

Shareholders and creditors were scheduled to approve the voluntary liquidation of four principal subsidiaries yesterday.

However, no creditors attended the first of a string of meetings.

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There are 94 subsidiaries under the group's eight principal subsidiaries.

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