Reuters - Court Orders China's Ambow into Provisional Liquidation
A court has ordered China's Ambow Education Holdings Ltd into provisional liquidation, a move that could end months of wrangling between the CEO and external shareholders that include Avenue Capital, Baring Asia and Macquarie, writes Reuters. A court in the Cayman Islands issued the order for New York-listed Ambow, a private schools and career training company, and appointed members of KPMG as the provisional liquidators, according to a June 10 Ambow statement.
11 June 2013•2 mins read
