Liquidators move in at Titan parent's unit

Restructured Hong Kong-listed shipyard group Titan Petrochemicals has said liquidators have been appointed at a subsidiary of its parent Guangdong Zhenrong Energy (GZE).

This follows announcements about winding-up petitions made in 2016 and 2017 against both GZE and Guangdong Zhenrong Energy (HK), where liquidators Osman Mohammed Arab and Wong Kwok Keung, both of RSM Corporate Advisory, will now move in.