Tuesday, September 11, 1973
PROPOSED FINAL DIVIDEND PAYMENT TO MING TAK BANK CREDITORS
The acting Official Receiver, Mr. P. Jacobs, today proposed to
pay a second and final dividend of 75 per cent to all unsecured creditora
of the Hing Tak Bank before the end of this year, provided the necessary
arrangement can be made in time.
Hr. P. Jacobe, who is the Trustee in Bankruptcy of the bank, said
the intended dividend
already paid
-
-
together with the first dividend of 25 per cont
would mean that creditors would have their admitted claims
paid in full.
"This happy result has been due to the successful sales of most
of the romaining properties of the bankrupt's estate at favourable prices
during the course of the past few months," he said.
Creditors are not required to take any action at the present time
Notices will be published in
in connection with the proposed payments.
newspaper's nearer the time informing creditors what they must do to receive
their dividend.
O
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