Wednesday, October 14, 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:
Peak mansion burglary suspect held in Ma On Shan (10-13 13:33)
Ken Tsang suspects police delay tactics over beating (10-13 13:26)
Youth held for ramming vehicle into friends (10-13 13:23)
Luxury real estate agency sets foot in HK (10-12 20:16)
Education chief off to Singapore (10-12 20:03)
More retailers and dining outlets join airport west hall (10-12 18:51)
Photographer bailed over Bangkok flak jacket charge (10-12 18:02)
HK$2.4m property stolen from HSBC Asia boss Peter Wong’s mansion (10-12 12:55)
Chan kin-por strikes conciliatory tone (10-12 12:52)
HKU students rail against council (10-09 20:30)

More breaking news >>

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