Kesterion Investments Limited – Receivers Appointed

Written By: on INSOLVENCY MANAGEMENT, RECEIVERSHIP

KESTERION INVESTMENTS LIMITED
(Receivers Appointed)

Mr John Robert Lees and Mr Mat Ng were appointed the Joint and Several Receivers of convertible bonds (“CB”) and certain ordinary shares (“the Shares”) in Pan Asia Mining Limited (“Pan Asia”) on 28 July 2014 under the Security Deed executed by Kesterion Investments Limited (“Kesterion”) in favour of China Shipbuilding Industrial Complete Equipment and Logistics Co Limited.
 
Kesterion, a company incorporated in the British Virgin Islands, is a substantial shareholder of Pan Asia.  Pan Asia is a company incorporated in the Cayman Islands and is currently listed on Growth Enterprise Market of the Stock Exchange of Hong Kong Limited.
 
Following our appointment, we will arrange to take possession of the CB and the Shares.