Taizinai liquidiation challenged
In the latest, not unexpected, complication in the attempts by private equity investors and debt-holders to recover money from struggling PRC milk drinks producer Hunan Taizinai Group, the company's chairman, Li Tuchun, is said to be resisting efforts to wind it up.
Invested by Actis Capital, Morgan Stanley's principal investment arm, and Goldman Sachs, Taizinai's Grand Cayman holding company is subject to an order from a Cayman court appointing Borrelli Walsh as...
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