Richard Yan’s holding company in liquidation

Richina Ltd's Campbell Park property is estimated to be worth $3.75 million. (Image: NZME)

Tue, 27 Aug 2024

Richina Ltd, a holding company wholly owned by former Mainzeal boss Richard Yan, has been placed in liquidation.Yan, also known as Yan Ciliang, went bankrupt in May this year after he and other Mainzeal directors were ordered to pay more than $60 million for breaching their directors' duties following Mainzeal's collapse in 2013.Richina Inc is an independent international investment and holding company. It owns land and property in NZ and China.Its NZ wing, Richina Ltd, was restored to the Companies Register to liquidate it and return m...

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