Dragonboat Restaurant has been serving Cantonese cuisine on Auckland’s Elliott Street since 1994.
Photo: RNZ / Yiting Lin
A prominent Chinese restaurant in Auckland’s CBD was placed into liquidation last month after owing at least $1.4 million to creditors.
Opened in 1994, Dragonboat Restaurant on Elliott Street served a wide range of Cantonese dishes, including yum cha and barbecue items.
Reasons behind its insolvency included the Covid-19 pandemic’s impact on the hospitality industry and poor economic conditions, business director Guochao Cui said in the liquidators’ report.
Higher trading and compliance costs, as well as arrears with the landlord also played a part, Cui said.
The liquidators’ report, prepared by…