Wipo linked this to the woes of two of the largest Canadian technology companies, with Nortel in liquidation following bankruptcy in 2009 and Research In Motion / BlackBerry making big cuts in research and development.
Baoneng Group faces the forced liquidation of its investment in China Vanke unless it can meet impending margin calls on its borrowing — in a demonstration of the risk of using leverage to build a stake for a hostile bid.
Last week, a court-ordered liquidation began for Grease Lightning, a collector founded in 2010 whose smudged tank trucks were once a common sight outside pubs and restaurants around New York City.
It is expected to complete liquidation by the end of this year, the report said.
