Bitter wait for CoAssets noteholders as investments turn sour
This follows reports in December that the group had disposed of US$30 million in receivables to Hong Kong-based debt recovery company Sunfits
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IT is likely to be a long-drawn affair for CoAssets' promissory noteholders to claw back their investments - if they were to get back any at all, said industry watchers.
This comes as hundreds of retail investors - mainly promissory note holders of CoAssets' various subsidiaries - stand to see their investments go up in smoke, following reports in December that the group had disposed US$30 million of receivables to Hong Kong-based debt recovery company Sunfits.
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