is said to owe almost pounds 4 million to China Water Industry Group Limited after the loans were made by its subsidiary, iMerchants.
If this ploy fails then Yeung wants the court to stop the receivers blocking the appointment of any directors he wants on the BIHL
In a statement they demanded the BIHL
board: Carson Yeung n ?
Yeung took out the loan late last year to help support BIHL
The conditions were revealed in a BIHL
announcement to the exchange.
Pannu is suing BIHL
for losses incurred after he was removed from his positions, a case BIHL
intend to fight, while Yeung is turn.
The appointment of the receivers by the court on February 16, 2015, does not imply any insolvency of BIHL
nor its subsidiary Birmingham City Football Club.
board, based in Hong Kong, has moved to end the internal politics by asking Ernst And Young to run the company without any "obstruction and distraction".
The Club therefore wishes to explain why the majority directors on the Board of BIHL
had deemed it necessary to take this voluntary but unusual course of action.
No winding up petition has been filed against BIHL
, so they are NOT in liquidation.
The transition has brought on board additional skills from BIHL
to BIC head office.
I was delisted early this year and BIHL
should become an attractive investment, albeit because it is in a monopoly situation.