Ocean Grand Chemical Will Seek to Buy Stake in Bankrupt 3D-Gold

By Joshua Fellman

Dec. 14 (Bloomberg) -- Ocean Grand Chemicals Holdings Ltd. will submit an application to liquidators to buy an interest in Hong Kong retailer 3D-Gold Jewellery Holdings Ltd.

Should Ocean Grand unit China Gold Silver Group Co. win the bid, it will enter a restructuring agreement with the provisional liquidators to acquire the stake, Ocean Grand said in a filing to Hong Kong’s stock exchange today.