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Debts estimated to be more than $1m for Golden Century
Administrators are still two weeks away from providing a full picture of the financial state of Golden Century Seafood Restaurant, but some details are starting to emerge.
Administrator Desmond Teng says creditors include the landlord and staff, confirming debts will be north of $1 million.
And a curious twist has emerged in Golden Century's fight for survival.
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A search of property and company records reveal two directors of the company that own the property are based in Hong Kong. Curiously, a third director is Sydney-based Yin Ling Kam, who shares the same Pitt Street address as the director of the restaurant.
Both the restaurant and its administrator hope an agreement can be reached with the landlord on a new lease.
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Scott Bolles writes the weekly Short Black column in Good Food.
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