The messy ownership saga at St Andrew's has at least appeared a little clearer since Ernst & Young became receivers for BIH
In recent years, BIH
had faced challenging economic conditions, notably a continuous decline in passenger numbers on its scheduled helicopter passenger service between Penzance and the Isles of Scilly.
In an announcement to the Stock Exchange, BIH
said: "Training in the shares has been suspended from 9am on June 30, 2011 and will continue to be suspended until further notice.
And acting chairman Peter Pannu did nothing to calm those fears, as he admitted that BIH
had not been able to provide a penny of funding since relegation.
Last week it was announced that BIH
is aiming to raise pounds 6 million though a deal with investment company Inkatha Group Ltd.
However, a statement issued by the club insisted there was no chance of control of the club being ceded to Seymour Pierce and that if the disputed payment does eventually have to be made, it will not have "any material adverse affect" on BIH
or the club.
also announced that its results for the year to June 30 2011 would be delayed until January 31, while the annual report would not be issued until February 15.
In an announcement to the Hong Kong Stock Exchange by BIH
, Mr Hua stated he had resigned because of his "career development.
President of BIH
Corporation, stated, "We will have no further comment regarding this pending litigation while the Company continues to move forward with its business.
intends to redeem GBP 40 million of 8.
Far East finance experts have demanded that Blues parent group provides "all material information" relating to the arrest of Yeung as one of the key conditions for the eventual resumption of share trading in BIH
lost half their annual business when oil giants Shell signed a seven- year deal worth pounds 175million with rivals Bristow Helicopters to ferry oilmen offshore.