WEDNESDAY, JULY 1, 1992
37
BANK OF CREDIT AND COMMERCE HONG KONG LIMITED IN LIQUIDATION) (BCCHK)
*
OF
THE RECOVERY AS GOOD PROGRESS HAS CONTINUED TO BE MADE IN ASSETS IN THE BCCHK LIQUIDATION, THE OFFICIAL RECEIVER AND LIQUIDATOR, MR ROBIN HEARDER, TODAY (WEDNESDAY) ANNOUNCED A PROVISIONAL TIMETABLE FOR THE PAYMENT OF A FIRST STATUTORY DIVIDEND TO DEPOSITORS AND CREDITORS.
1.
THE TIMETABLE, TENTATIVE AT THIS STAGE, IS AS FOLLOWS: -
IN LATE JULY 1992, A NOTICE OF INTENTION TO DECLARE A WILL BE ADVERTISED CALLING FOR PROOFS OF DEBT TO BE CREDITORS.
MR HEARDER STRESSED THAT DEPOSITORS ARE NOT REQUIRED PROOFS OF DEBT UNLESS REQUESTED TO DO SO.
OTHER
DIVIDEND
LODGED BY
TO LODGE
2.
THE DECLARATION AND PAYMENT OF THE FIRST DIVIDEND TO BE MADE IN SEPTEMBER 1992. MR HEARDER REMAINS OPTIMISTIC WHICH THAT THE DIVIDEND WILL BE IN THE REGION OF 40 WILL BE INCLUSIVE OF THE LIMITED INTERIM RELIEF ALREADY PAID.
IS EXPECTED
PER CENT
HOWEVER,
TO IMPOSSIBLE
PREDICT
MR HEARDER SAID IT WAS,
THE PRECISE AMOUNT OF THE DIVIDEND AT PRESENT BECAUSE IT WAS SUBJECT TO A ADJUDICATION OF LARGE NUMBER OF FACTORS INCLUDING, AMONG OTHERS, THE CLAIMS LODGED, THE RECEIPT OF ANY FURTHER CLAIMS AND THE COLLECTION OF LOANS.
HELD.
FIVE MEETINGS OF THE COMMITTEE OF INSPECTION HAVE SO
FAR BEEN
ARE MUCH
CONDUCT
APPRECIATED,"
"THE MEMBERS ARE MAKING A VALUABLE CONTRIBUTION TO THE OF THE LIQUIDATION AND THEIR TIME AND EFFORT SAID MR HEARDER.
TO
INVESTIGATE
TAKE
AND WHICH EMERGED PRIOR TO THE
THE SPECIAL MANAGERS ARE CONTINUING
BCCI-RELATED CLAIMS ON THE
ACTION LIQUIDATION OF BCCHK.
SHOULD WRITE AT
TARGET, IT IS VITAL IN ORDER FOR THE TIMETABLE TO REMAIN ON THAT DEPOSITORS WHO HAVE RECEIVED STATEMENTS OF THEIR BALANCES
THOSE BALANCES SEND BACK CONFIRMATION OF
OR,
ALTERNATIVELY, WITH ANY QUERIES AS SOON AS POSSIBLE TO THE JOINT SPECIAL MANAGERS P.O. BOX 54565, NORTH POINT POST OFFICE, HONG KONG.
TELEPHONE
ANYONE WHO HAS ANY QUERY ABOUT THE PROCEDURE HE AND ANY DEPOSITOR WHO HAS NOT RECEIVED A STATEMENT OF HIS NET SHOULD CALL
NUMBER 516 4333 AND
FOR ASK
ENQUIRIES".
SHOULD FOLLOW BALANCE "CREDITOR
/38
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