Capital Group One Announces Today the Suspension of Operations Due to the Collapse of the Chinese IPO Market
The company has filed for bankruptcy protection and will announce shortly the appointed auditor that will implement the dissolution of assets.
Canary Wharf, United Kingdom, July 23, 2015 (Newswire.com) - Capital Group One wishes to assure all clientele that absolutely no losses have occurred to client accounts as the proceeds, share certificates, and any other financial products will be shortly transferred by direct telex transfer or bonded courier to their respective beneficiary on record.
Captial Group One was dragged into a liquidity trap as a result of the Chinese government’s surprise suspension of the country’s Initial Public Offering market. This market is expected to fully recover in time, however this suspension by the Chinese government has made outstanding creditors hesitant to provide the liquidity Capital Group One requires for daily business operations.
The company executives were unsuccessful in restructuring and pursuing outside angel investors, as such the only option left was bankruptcy filing to protect assets belonging to Capital Group One clientele.
Capital Group One, its management and employees wish to thank everyone that provided us the opportunity for many prosperous years of business. Once again Capital Group One profusely apologises for this unfortunate and unforeseen event.