Joint provisional liquidators have been appointed over Mongolian Mining Corp., according to a resent company announcement.
Simon Conway of PwC Corporate Finance Recovery (Cayman) Ltd and Christopher Co Man Chun of PricewaterhouseCoopers Ltd were appointed following an application to the Grand Court of the Cayman Islands.
The liquidators were appointed on a “soft touch” basis to assist the company and its existing board of directors with the implementation of the proposed debt restructuring.
A petition for the winding up of the company was further adjourned pending progress of the debt restructuring. It is scheduled to be heard in early September.
Edited by Jonathan Rowland.
Read the article online at: https://www.worldcoal.com/coal/21072016/liquidators-appointed-to-mongolian-mining-corp-2016-2057/