Sunday, November 23, 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:
(Update) Twenty hurt in Light Rail-bus crash (11-21 18:50)
Democracy activists protest outside British consulate (11-21 17:53)
Bid to appeal against injunction order rejected (11-21 17:28)
Nineteen hurt in Light Rail-bus crash (11-21 15:33)
Legco probe into CE blocked again (11-21 14:56)
Eleventh arrest over Legco break-in (11-21 14:56)
HK journalists barred from Philippines (11-21 14:54)
Six in court over Legco break-in (11-21 14:54)
Students should tone down protest: Patten (11-21 11:14)
Student leaders condemn storming of Legco building (11-20 18:32)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.