China Agrotech Holdings Limited was incorporated in the Cayman Islands as an exempted company in September 1999. The Company is an investment holding company which has been engaged principally in businesses related to fertilizers and agricultural chemicals. It has substantial connections with Hong Kong, having been registered under Part XI of the former Hong Kong Companies Ordinance since November 1999.
The Company subsequently entered financial difficulties and in August 2015 the Hong Kong Court made a winding up order against the Company. Stephen Liu Yiu Keung and David Yen Chin Wai were appointed as Liquidators.
The Liquidators determined a re-organisation of the Company was the best way to maximise recoveries for the creditors. The Company’s shares had been suspended from trading on the Hong Kong Stock Exchange since September 2014. To be able to resume trading, the Company had to submit a viable resumption proposal. The resumption proposal included a sale of the company’s equity interest in Yu Ming Investment Management Limited for HK $400,000,000. After the sale the re-listing of the shares would allow the Company to attract new business and access capital to make payments to the creditors under a proposed scheme of arrangement.
Allan Benett (Ashfords): RE CHINA AGROTECH HOLDINGS LIMITED, 19 Feb 2008
Ogier.com: In the Matter of China Agrotech Holdings Limited, 26 Sep 2017
China Argotech: Annual Report, 30 Oct 2008