High Court winding-up order for Paul Y Engineering Group and affiliate

The High Court yesterday ordered the winding up of the parent company of Paul Y Engineering, along with a related firm.

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.

Phoebe Poon