High Court orders liquidation of Paul Y. Engineering Group Limited and a affiliated company

Paul Y. Engineering, a contractor with a history spanning 78 years in the city, is reportedly encountering financial difficulties. The High Court on Monday ordered the winding up of its parent company along with a related firm after submitting a liquidation petition earlier.

The concerned companies are "Paul Y. Engineering Group Limited" and "Paul Y. Management Limited"

The court has earlier appointed a provisional liquidator for the five subsidiaries of the Group to handle debts and formulate a restructuring plan.

The long-standing contractor had built numerous public and private housing projects, including landmark The Center and The Mills in Tsuen Wan.

However, the Group has faced multiple allegations of unpaid wages and overdue project payments since last year, including constructions for the Housing Society project Hemma Amber and the Pak Wo Road Project, the student residence at the Hong Kong University of Science and smart car park on the side of the Hong Kong-Zhuhai-Macau Bridge.