Li and Qin departed New Zealand shortly before the share transfer.
Grant and Botterill said the pair also withdrew funds from the company’s account, although no figure is disclosed.
The liquidator’s financial analysis found Li had an overdrawn current account, and despite demands for repayment, no response was received.
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Liquidators have, however, identified property owned by Li in New Zealand, and have obtained a court-issued charging order over the property in question “to bar the property being transferred or sold while we progress the claim”.
Grant and Botterill have also prepared and filed proceedings against the former director, engaged a creditor for a funding arrangement, and settled a…
