Wednesday, September 3, 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:
Flight restriction on devices relaxed (09-02 19:13)
Pro-democracy group admits likely defeat (09-02 18:50)
Police arrest 22 pro-democracy protesters (09-02 17:53)
Pan-democrats in dilemma over reform (09-02 12:27)
Election framework 'set in stone' (09-02 10:49)
Govt designates areas for marine parks (09-01 17:30)
Pan-democrats angry at NPC (09-01 17:24)
Primary One application forms available on Wednesday (09-01 16:11)
Activists to keep fighting against China vote decision (09-01 14:30)
Beijing would not be swayed: Li (09-01 12:40)

More breaking news >>

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