China’s Tsinghua announces appointment of liquidators by BVI court

By Marisa Wong

Los Angeles, March 20 – Tsinghua Unic Ltd. announced the appointment of joint and several liquidators under an order of the Eastern Caribbean Supreme Court in the High Court of Justice, British Virgin Islands.

Edward Simon Middleton and Wing Sze Tiffany Wong, both of Alvarez & Marsal Asia Ltd. in Hong Kong, and Wesley Arthur Edwards, of Alvarez & Marsal (BVI) Ltd. in the British Virgin Islands, were appointed as joint and several liquidators of Tsinghua Unic.

Tsinghua Unic also announced the continued suspension of trading of its $200 million 6½% bonds due 2028 (stock code: 4415) guaranteed by Tsinghua Unigroup Co., Ltd. Trading of the bonds had been suspended since Nov. 18, 2020.

Questions about the liquidation of Tsinghua Unic may be directed to the liquidators at unic@alvarezandmarsal.com.

Tsinghua Unigroup is a Beijing-based company with a portfolio of subsidiaries in sectors including semiconductors, information and communication technologies, finance and insurance, education and real estate investment and development.

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