Tung Kee Investment Canada Ltd. and Tung Kee Investment Limited Partnership, Receivership

Tung Kee Investment Canada Ltd., the registered owner of property municipally as 3143 19th Avenue, Markham, Ontario, and Tung Kee Investment Limited Partnership, the beneficial owner of the property, were placed in receivership on October 26, on application by Romspen Investment Corporation, owed approximately $30 million. On the same day that the receivership order was granted, a quick flip sale of the property to Times 1010 Inc. was also approved, following a pre-filing sales process. EY was appointed receiver. Counsel is Blaney McMurtry for the receiver, Dickinson Wright for Romspen, Chaitons for the company and Paliare Roland for The Times Group.

By: Dina Milivojevic