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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 developments

30/11/2007

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 2007

06/09/2007

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 China

05/09/2006

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 Limited

13/06/2006

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 China

27/03/2006

Jirsch Sutherland appointed liquidators

05/12/2005

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 Sutherland

13/09/2005

delisted because of failure to pay its listing fees for 2005/06

29/08/2005

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 2005

19/08/2005

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 years

19/07/2005

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 PricewaterhouseCoopers

15/06/2005

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 2004

18/04/2005

shares suspended from quotation following failure to lodge prelim final report

01/03/2005

ASX Announcements (courtesy of ASX)

 

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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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