In a notice issued by China Pan Holdings (00715), at a hearing in Bermuda court at 10:00 (Bermuda time) on September 22, 2023, the company was ordered to be wound up. Michael Morrison and Charles Thresh of Teneo (Bermuda) Limited, located in 9 Par-la-Ville Road, Third Floor, Hamilton, HM 11, Bermuda, and Chen Meilan of Teneo Asia Limited, located on the 13th floor, Wyndham Commercial Centre, 40-44 Wyndham Street, Central, Hong Kong, was appointed as the joint provisional liquidator of the company. And powers are conferred under section 175 of the Bermuda companies Act (1981), which are exercised jointly and separately by the joint provisional liquidators.
In addition, trading will continue to be suspended.