Goldin loses case over tower sale

Business | Staff reporter 30 Oct 2020

Hong Kong's High Court yesterday ruled that Goldin Financial Global Centre and Smart Edge remain under the control of the receivers, meaning debt-laden Goldin Financial (0530) cannot interfere in the sale of the 28-story Grade A office building in Kowloon East.

Smart Edge and the office tower remain under the control of Cosimo Borrelli and Simon Ma Siu-ming as joint receivers and managers of Smart Edge and Goldin Financial Global Centre.

Borrelli and Ma and Jocelyn Chi Lai-man are the only duly appointed directors of Smart Edge.

Justice Linda Chan made the orders dated October 29, 2020 as requested by the receivers. The former directors of Smart Edge did not oppose the orders.

The receivers and the directors are the only representatives authorized to deal with the affairs of Smart Edge, including GFGC and the ruling enables their receivers to proceed to sell Smart Edge and/or GFGC without interference.

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