Saturday, February 28, 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   
Other Hong Kong breaking news:
13 bidders after Pak Shek Kok site (02-27 17:37)
Key officials to skip Democrat Party's dinner (02-27 17:11)
Home buyers borrow HK$30b for new flats in January (02-27 16:50)
Insured mortgage cut to 80pc (02-27 16:48)
Leung to join NPC sessions opening (02-27 16:39)
First time flat buyers face tighter mortgage limits, amid rising prices and alarming debt levels (02-27 16:35)
More students support independence: Undergrad (02-27 16:03)
Man falls to death near PolyU (02-27 15:31)
More hope for reform proposal: Tam (02-27 14:27)
Unions demand seven days' paternity leave (02-27 13:52)

More breaking news >>

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