Listed on the Stock Exchange of Hong Kong (HKSE code: 0186) since 1987, The Grande Holdings Limited (Provisional Liquidators Appointed) is a leading group of companies primarily engaged in the distribution of electronics products and licensing of trademarks.
On 31 May 2011, Mr FOK Hei Yu and Mr Roderick John SUTTON both of FTI Consulting (Hong Kong) Limited were appointed Joint and Several Provisional Liquidators of the Company by an Order of the High Court of Hong Kong. The provisional liquidators are undertaking an assessment of the operations of the Company and its subsidiaries ("the Group") in consultation with the management, creditors, regulatory authorities and other relevant parties in order to determine the optimal strategy to maximise the return to stakeholders. The businesses of the Group remain unchanged.
The Grande Group owns three global brands - Nakamichi, Akai and Sansui - strongly recognised for their wide range of world-class quality audio-visual equipment, consumer electronics gadgets and digital products. Its popular products are distributed through its extensive global network spanning Asia, Africa, Europe, Oceania, the Middle East and Americas. The Group also owns Emerson, a national brand of consumer electronics and electrical appliances in the U.S.
The Grande Holdings Limited is incorporated in Bermuda as an exempted company with limited liability.