Saturday, May 30, 2015   

HKMEx to be wound up
(04-28 17:50)

The High Court's ordered troubled Hong Kong Mercantile Exchange be wound up after creditors refused to accept the company's new repayment plan.
The court was told that a potential investor, Huang Chunsheng, was willing to put money into the company and pay one third of the debts it owed.
But a former technology director of the company, Andrew Carter, and three other supporting creditors refused the offer.
Carter, who filed the bankruptcy petition in January, claimed the company failed to pay him his salary of more than HK$1.4 million. --RTHK   
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