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HUADU CITY DEVELOPMENTS LIMITED (HCD)

Delisted from ASX 29/08/2005

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liquidators advise there are no new developments30/11/2007
liquidators advise that the proceedings in which they are attempting to have the Attorney General serve the necessary paperwork on the Government of China has been adjourned to mid October 200706/09/2007
liquidators advise there have not been any significant developments in this matter to report on - from recent discussions with solicitors, they advised that this matter will require patience given the different jurisdictions in which a claim would eventually be lodged in, ie China05/09/2006
liquidators advise that they have recently enlisted the services of a law firm to act on their behalf - they are currently in the process of lodging a Statement of Claim in the Supreme Court of NSW - the liquidators also have an affiliation with a Chinese legal practice and will eventually issue proceedings against Huadu City Roads and Bridges Engineering Development Co Ltd and HCD Toll Road Company Limited13/06/2006
the liquidator is currently attempting to recover monies owed to the company by the Huadu City Government and also attempting to sell the company's share in the joint venture in China27/03/2006
Jirsch Sutherland appointed liquidators05/12/2005
we understand the company was placed into Voluntary Administration late last week prior to the court hearing originally scheduled for 9 September (which has evidently been stayed until 8 October 2005) - we believe the administrators are Jirsch Sutherland13/09/2005
delisted because of failure to pay its listing fees for 2005/0629/08/2005
company advises that PriceWaterhouseCoopers, a creditor of Huadu City Developments Limited, has recently made an application to the Supreme Court of New South Wales for the winding up of the company - the application is scheduled to be heard by the Court on 9 September 200519/08/2005
company advises that the Xinhua Toll Gate, one of seven toll gates along the toll roads operated by the Joint Venture in China, has been recently cancelled by the Guangdong Province Government after the review of toll roads conducted by the Government - the annual revenue from the Xinhua Toll Gate represented 17 20 % of total revenue from all toll gates each year for the past five years19/07/2005
advises that there is a default judgement entered against Huadu City Developments Limited in the District Court of NSW in relation to the debts of $62,442.15 owed to PricewaterhouseCoopers15/06/2005
announces that its joint venture company HCD Toll Roads Company Limited, located in China, recorded increases in revenues and profits for the year to 31 December 200418/04/2005
shares suspended from quotation following failure to lodge prelim final report01/03/2005

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WHAT PROGRESS HAS BEEN MADE SINCE 2007 IN RETRIEVING CASH FOR THE VALUE OF THE ASSETS IN CHINA?

04/10/2018 09:46:51

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