Receivers sell 46% stake in champion racehorse for just under $20,000

Opie Bosson riding Mongolian Khan and owner Lin Lang after winning the Caulfield Cup. (Image: Getty)

Fri, 28 Jul 2023

The receivers of the company, which had a 46% stake in champion racehorse Mongolian Khan, managed to sell the shareholding for just under $20,000.Selling the stake in the well-known stud horse was the final task Grant Thornton’s Ray Cox and Stephanie Jeffrey had to do in the receivership of Inner Mongolia Rider Horse Industry.The pair were appointed to the company – owned by a Chinese firm of the same name and directed by Lin Lang – by the Bank of China, which was owed $573,000, in May last year, with their final report filed...

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