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blockpartycrypto| Sun Yaolai (00970.HK) appoints joint provisional liquidators to oversee complaints and regulatory investigations

Newsletter summary

New Yaolai (00970)BlockpartycryptoHK) announced that the Bermuda judge postponed the hearing of his petition for six months and appointed DeloitteFinancialAdvisory and his representative as joint provisional liquidators with a view to maintaining the normal operation of the company.

blockpartycrypto| Sun Yaolai (00970.HK) appoints joint provisional liquidators to oversee complaints and regulatory investigations

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[new Yaolai (00970)BlockpartycryptoOn 22 April, 00970.HK disclosed that the Bermuda court had ordered that the hearing of the company's petition be postponed to six months and that Deloitte Financial Advisory Ltd was appointed. Edward Willmott and Elizabeth Cava of Deloitte, as well as Li Jiayen and he Guoliang of Deloitte Customs, served as provisional liquidators of the company. It is reported that the provisional liquidator will focus on maintaining the company's solvent operations and ensuring that the company complies with all corporate governance measures to protect the interests of the company, shareholders and stakeholders. It is worth noting that the appointment of provisional liquidators has nothing to do with the solvency of the company, but is intended to maintain the normal operation of the company.

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