Thursday, October 2, 2014   

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:
Paul Chan, wife guilty of libel, fined HK$230k (09-30 18:47)
China suspends HK tours: reports (09-30 18:15)
Printing error discovered in Hospital Authority system (09-30 18:04)
British PM reminds China of obligations over Hong Kong (09-30 17:32)
Minimum wage raised for foreign domestic helpers (09-30 17:28)
Occupy to open way for emergency services (09-30 17:14)
Emergency services disrupted: police (09-30 16:56)
Several bus routes remain closed (09-30 16:53)
Fiscal reserves at HK$711b (09-30 16:43)
China backs Hong Kong leaders against 'illegal' acts: govt (09-30 16:36)

More breaking news >>

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