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About KPMG
KPMG News
Provisional Liquidators appointed over further
Lehman Brothers' Hong Kong incorporated entities
19 September 2008
KPMG announces that Paul Brough, Edward Middleton and Patrick
Cowley were today appointed by the High Court as Provisional
Liquidators of three further Hong Kong based Lehman Brothers
companies, Lehman Brothers Asia Holdings Limited, Lehman Brothers
Asia Limited and Lehman Brothers Commercial Corporation Asia
Limited.
Lehman Brothers' Hong Kong based businesses and employees are
therefore now under the control of the Provisional Liquidators.
The Provisional Liquidators' immediate focus remains on working
with Lehman Brothers local management and staff, in order that
the value in these business units and jobs can be preserved,
and appropriate strategies identified to deal with them.
Further announcements will be made at appropriate times.
About KPMG
KPMG is a global network of professional firms providing Audit,
Tax and Advisory services. We operate in 145 countries and have
more than 123,000 professionals working in member firms around
the world.
The independent member firms of the KPMG network are affiliated
with KPMG International, a Swiss cooperative. KPMG International
provides no client services.
KPMG China has 12 offices (including KPMG Advisory (China) Limited)
in Beijing, Shenyang, Qingdao, Shanghai, Nanjing, Chengdu, Hangzhou,
Guangzhou, Fuzhou, Shenzhen, Hong Kong and Macau, with more than
8,500 professionals.
For media enquiries, please contact:
Pearl Fan
Senior Manager, Markets Services
KPMG China
Tel: +852 2826 7111
e-Mail: pearl.fan@kpmg.com.hk
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