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Octopus (APAC) Holdings Limited Completes Creditors’ Voluntary Liquidation of Subsidiaries and Provides Update on Retained Funds in China – Minichart

Octopus (APAC) Holdings Limited: Completion of Creditors’ Voluntary Liquidation of Subsidiaries Summary of Key Developments Octopus (APAC) Holdings Limited (formerly GS Holdings Limited) has completed the creditors’ voluntary liquidation (CVL) of its subsidiaries, Wish Hospitality Holdings Private Limited and Wish Health Management (Shanghai) Co. Ltd. (“Wish Shanghai”). All regulatory requirements and formalities for liquidation and…

Scottish kitchen company falls into administration after 25 years with all jobs lost

A Scottish kitchen company has collapsed into administration with all jobs lost. The East Kilbride firm ceased trading after 25 years following “detrimental supply chain issues” with 18 staff made redundant. Appliance supplier and installer Merchant City Distributors Limited directors appointed administrators as “the only option”. The company was based in the Kelvin Industrial Estate…