Hongkong Apparel Production And Marketing Co., Ltd.

Accountants Hang Deqin (Deloitte) said on Thursday that it has been appointed as Hongkong garment production and retailer, International Holdings Limited (0627).

HK: the provisional liquidator and said that if necessary, it would represent restructured company on international business or the sale of assets.

Since its suspension in September 17th this year, the company's share price has dropped 86% in the past month, and the market value of Yi Suizhi has evaporated substantially.

In September 26th, the company issued a notice that some loan banks and financial institutions were concerned about their ability to repay debts, and suspended their existing short-term loans and frozen the bank's cash balances.

At that time, the company had indicated that it was unable to repay its debt maturity, and immediately halted the stock offering plan of HK $1 billion 900 million.

He sold and sold "U-RIGHT" brand clothing in Hongkong, China and Macao in November 2000, which was listed on the main board of Hongkong.

As of March this year, it operates 95 and 516 retail stores in Hongkong and China respectively.

The annual net profit of the company was HK $61 million 370 thousand and its turnover was 20.

HK $800 million.

In a press release on Thursday, DDT said that the high court of Hongkong had appointed the provisional liquidator of this act on Monday.

The court authorized DDT to identify and monitor the assets of the company.

If it is in favor of the interests of international creditors, DDT will represent restructured company on its business or asset sales.

"The provisional liquidator is reviewing the operation of the company and consulting the management, creditors and other interested parties. He is also looking for interested parties who want to buy all or part of his business interest."

DDT said.

Some of the shops continued to open on Thursday. However, the Hongkong Labour Department has set up a hotline to help employees affected by the decision of the international provisional liquidator to terminate the employment contract.

As of March this year, there were 3123 employees in Hongkong, and 491 in Macao.

Investor confidence and bank credit have been frustrated by the spread of the financial tsunami.

Last month, Hongkong watch manufacturing and retailer Yi Jin Li group (0304).

HK: quotations have been appointed by accountants - Ferrier Hodgson as its provisional liquidator.

Fu Li Cheng said at the time that he still had the opportunity to save Yi Jin Li from embarrassment. However, the stock has not yet resumed its licence and has yet to announce the latest progress.