The provisional liquidator said it would propose to the court a method of share exchange or the sale of the shares in return for cash.
42.
The remedy is an exceptional one, and most instances of applications for a provisional liquidator are made because of concerns about some type of material impropriety.
43.
"We believe that there were about 3, 700 active investors in the group, " said Nick Etches, a partner with the provisional liquidator KPMG Peat Marwick.
44.
Provisional liquidators Ernst and Young estimated an average of $ 1 million to $ 2 million was spent in each of the stores at the weekend.
45.
One of the common functions of a provisional liquidator is to investigate whether the company's property has been misappropriated or its business has been wrongfully conducted.
46.
Price Waterhouse joint provisional liquidator David Hague said the unit's funds under management have steadily dwindled since last month, when Peregrine Investments Holdings went into liquidation.
47.
The Grand Court on Monday appointed the U . S . accounting firm Deloitte and Touche as provisional liquidators for Gulf Union Bank and First Cayman.
48.
THE first compensation claims by investors of CA Pacific Finance were submitted on Wednesday to the provisional liquidator by the Stock Exchange of Hong Kong for verification.
49.
The provisional liquidators said they responded to New Access'proposal in writing last Tuesday, pointing out that the plan substantially failed to address the issues they had raised.
50.
Simon Copley, another Price Waterhouse partner, said an independent consultant was called in when the provisional liquidator couldn't decide what to do with Peregrine Fixed Income's portfolio.
