China supplier: ‘Greater scheme’ at play in Yihe receivership
Yihe receiver Wong ‘aligned with owner Chen’, scheme underway to gut inventory, discharge 'astronomical debt' to creditors, alleges supplier with $40m inventory claim
Yihe judge quashes Qingdao Yijia’s attempt to stop inventory sale
The judge dealing with the insolvency of US frozen fish supplier Yihe ruled receiver can sell $20m of frozen inventory, after a last-gasp objection from a Chinese firm
Chinese firm with Yihe claim makes late effort to stop release of $20m inventory
Chinese firm claiming to be creditor of Yihe files last-ditch attempt to stop the release of $20m of inventory, after judge grants receiver James Wong the right to sell the fish
Prince William Sound salmon harvest at 96.2m fish
Alaskan fishery still counting the full harvest figures, pink salmon expected to revise the number upwards
Retailer close to pulling Yihe salmon business as receiver fights to get inventory released
‘At least one’ retailer will pull its salmon business with Yihe, unless $20m of inventory is released and orders can be met, according to court documents
New Pebble Mine opposition group forms
Trout Unlimited, Bristol Bay Native Corporation and Bristol Bay Regional Seafood Development Association join forces against a project that puts Alaska's $1.5bn fishing industry at risk
Battle for Walmart supplier Yihe’s $40m frozen inventory heats up
Chinese companies are claiming ownership of Yihe’s $40m in frozen inventory as collateral for alleged debts for fish supplies, with its receiver filing legal action in return
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
Yihe receiver alleges financial fraud by founder Chen
Yihe’s receiver and former ‘consultant CFO’ James Wong claims the company’s founder Steve Chen and others fraudulently obtained financing on the same containers several times
Warehouse creditor takes over running of Yihe China supply plant Qingdao Hairong
The running of processing plant for Walmart supplier Yihe, now in receivership in the US, has been taken over by a creditor coldstorage company, sources told Undercurrent News