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China creditor loses bid to remove Yihe receiver over ‘insider’ allegations

A $1bn turnover Chinese corporation has been overruled in its bid to remove James Wong as receiver of Yihe, after alleging Wong acted as the Walmart supplier’s CFO and was ineligible to serve as receiver

By Tom Seaman | Oct. 21, 2013 08:42 BST
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A judge ruled James Wong is eligible to serve as receiver of Yihe Corporation on Oct. 18, after an unsuccessful objection from a Chinese company, claiming Wong had served as Yihe’s CFO and was thus an “insider”. [...]

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