4
CONFIDENTIAL
We understand the Abu Dhabi government will offer a guarantee as
to any unrecorded liabilities, which will remain with BCCHK.
is for the Provisional Liquidator to be satisfied with the
guarantee.
it
4.
When and how do you intend to discuss with depositors? Any preliminary proposals?
We know some depositors have formed a Committee, and we are in
touch with thom. We will start discussions with depositors ag
Moon as practicable, having regard to the progress of our due
diligence review of the affairs of BCCHK. We are aware of some · of the views expressed by depositors and they will be considered.
5.
How long will it take to complete the due diligence review and why?
We will try to complete it as soon as possible, but the due diligence review will last up to 8 weeks, The amount of work involved will be substantial. We must satisfy ourselves as to the quality of the banking business which we acquire, start the bank under a new name, we hope it will contribute to Hong Kong's position as an international Pinancial centre.
If we
6.
Who are in the due diligence team?
2
sa'd
0240 698 298+
LES, THABO JUST DEY
OF T 1661-d3s-20
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