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Trillion Trophy Asia has officially emerged as the bidder for a stake in Birmingham International Holdings Limited.

BIHL, which owns Birmingham City, announced last month that its receivers Ernst & Young had whittled down seven indicative non-binding offers to arrive at a preferred choice.

And the company told the Hong Kong Stock Exchange today its first choice bidder was Trillion Trophy, as had been anticipated.

It’s thought the company, of which very little is known in the UK, is not bidding to takeover Blues, merely to buy a stake in BIHL.

Trillion Trophy have loaned BIH HK$13.5million (approx 1.15million pounds) in working capital prior to the main loan of HK$153million going through.

Blues blogger Daniel Ivery has extensively covered the club’s protracted financial woes on his website Often Partisan.

He wrote: “There isn’t much more in the announcement – which no doubt is going to displease many who were hoping to know who was behind Trillion Trophy but it does show two things – firstly that EY are respecting the rules and keeping things ongoing and secondly that there is progress being made.”