Link Holdings Ltd. Files for Liquidation of Subsidiary Silverine Amid Insolvency Concerns

Reuters
Sep 05
Link Holdings Ltd. Files for Liquidation of Subsidiary Silverine Amid Insolvency Concerns

Link Holdings Ltd. has announced that its subsidiary, Silverine, has filed an application with the Eastern Caribbean Supreme Court in the British Virgin Islands for the appointment of joint and several liquidators. This step has been taken due to Silverine's insolvency and its inability to meet imminent funding needs, highlighted by a notice of demand from a lender. The company has nominated Derek Lai of Ernst & Young Transactions Limited and Luke Almond of Ernst & Young Ltd. as liquidators. The hearing date for this application is yet to be determined. Shareholders and potential investors are urged to exercise caution in dealing with the company's shares. Further updates will be provided as the situation develops.

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