In June 2015, the receivers granted a two-year exclusivity period to their preferred bidder, the British Virgin Islands-registered investment vehicle Trillion Trophy Asia (TTA), wholly owned by Chinese businessman Paul Suen Cho Hung. After striking deals with the previous major shareholders such that legal action against them would be dropped in return for their agreement not to obstruct any transfer of ownership, the receivers released a document in June 2016 setting out a timescale for the company restructure, share relisting and takeover, to be completed by the end of October. It confirmed that Suen would hold 60.78% of BIH shares and the Yeung faction no more than 14%, and that the company would not be sold on within two years. The process completed on 17 October, leaving TTA owning 50.64% of BIH's share capital, a level of ownership that required them to make an offer for the remainder.