Monday, August 31, 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:
Three activists jailed for Legco lobby protest (08-28 21:50)
Leung tells Jin Liqun of HK’s desire to join development bank (08-28 19:47)
Omega showcases Speedmaster Moonwatch (08-28 19:32)
Novelist Drabble to dine with fans at literary fest (08-28 17:54)
Fourth student faces Occupy protest charges (08-28 17:04)
Yau Ma Tei sex worker murder accused remanded (08-28 17:02)
Liberal Tien lays blame for HKU crisis at CY’s feet (08-28 17:00)
Beijing warms to democrats (08-27 21:42)
Youth held in Tsim Sha Tsui with cannabis and cocaine (08-27 21:37)
Woman charged with murdering son (08-27 14:32)

More breaking news >>

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