Role: Court Appointed Provisional Liquidator/Liquidator
Market value determination and mediation: Their role included determining the market value of properties and the business, as well as mediating between the two shareholders to reach a reasonable arrangement.
Asset liquidation and disposal: Following the winding-up order, the director was appointed as the liquidator and oversaw the protracted process of liquidation and disposal of assets, despite legal challenges from the majority shareholder.
Business operations management: During the interim liquidation period, the directors and team were deployed to manage the company's business operations in various locations until the final winding-up declaration.