Parazelsus Limited was founded in Hong Kong in 2005 by Peter Zuellig. Zuellig is the grandson of the founder of Zuellig Group, now a $10 billion cpmpany operating throughout Asia.
Parazelsus, which changed its name to Achemy Participations in November 2013, was found guilty in a judgment entered in the Federal Court of Australia on September 24, 2014, of breach of contract regarding a shareholding structure and wrongful termination of a contract for advisory services.
A letter of demand for the judgement debt, pre judgment interest and costs totalling $1.370,000 was issued to Parazelsus last week but no response has yet been received from Parazelsus, nor Peter Zuellig
Maylord equity management Pty Ltd
Maylord has been active for 15 years in initiating and completing private equity transactions traditionally involving M & A activity. It is Australian based and has managed transactions in Fast Food, building services and facilities management.