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  • September 16, 2014
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  1. News - Hong Kong - COURTS

    Creditor seeks bankruptcy of ex-Leung aide citing HK$40m debt

    Posted Feb 21st 2014, 03:37am by Austin Chiu

    ... A creditor of former executive councillor Barry Cheung Chun-yuen is now seeking his bankruptcy over a debt claim of HK$40 million, sinking the former key supporter of Chief Executive Leung Chun-ying further into a financial mire. Leung Chee-hon, director and shareholder of Hong Kong-listed Sunley Holdings, has filed a bankruptcy petition at the High Court. A hearing is set for April 16. ...

    http://www.scmp.com/news/hong-kong/article/1432170/creditor-seeks-bankruptcy-ex-leung-aide-citing-hk40m-debt
  2. Business - Commodities - MINING

    Bankruptcy bid against Citic Pacific unit dropped

    Posted Feb 19th 2014, 01:33am by BLOOM

    ... Bloomberg in Sydney Bankruptcy bid against Citic Pacific unit dropped Mineralogy, the Australian mining company owned by politician Clive Palmer, dropped its bid to push a Citic Pacific unit into bankruptcy as the two companies continue a dispute over royalties from the world's biggest magnetite iron ore project. Citic Pacific and Mineralogy both confirmed in e-mails ...

    http://www.scmp.com/business/commodities/article/1430678/bankruptcy-bid-against-citic-pacific-unit-dropped
  3. Business - Banking & Finance

    High-flyers' wings clipped under bankruptcy orders

    Posted Dec 28th 2013, 01:02am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com High-flyers' wings clipped under bankruptcy orders Rafael Hui Si-yan, former chief secretary of the city, now faces the same fate as the 7,767 other ... bankruptcy who wanted to be identified only as Li, explained that once the courts declared him bankrupt, he had no freedom to decide his personal finances and had to discuss his affairs ...

    http://www.scmp.com/business/banking-finance/article/1391285/high-flyers-wings-clipped-under-bankruptcy-orders
  4. Business - Banking & Finance - BANKING

    City commercial lenders 'in danger of bankruptcy'

    Posted Dec 11th 2013, 05:05am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com City commercial lenders 'in danger of bankruptcy' Many urban commercial banks on the mainland are in "danger of bankruptcy" as they become the biggest victims of a mounting local government debt problem, with local authorities struggling to repay debts estimated to total 20 trillion yuan (HK$25.5 trillion), Haitong International ...

    http://www.scmp.com/business/banking-finance/article/1377881/city-commercial-lenders-danger-bankruptcy
  5. Business - Companies

    Electric-car firm Fisker files for bankruptcy

    Posted Nov 25th 2013, 03:52am by AFP

    ... Agence France-Presse in Washington US carmaker also sells assets to Hybrid Tech after Karma fails to live up to expectations Electric-car firm Fisker files for bankruptcy Fisker Automotive, whose high-end electric cars caught the eye of Justin Bieber and other celebrities, has filed for bankruptcy protection. The California-based company also announced that it had entered ...

    http://www.scmp.com/business/companies/article/1364832/electric-car-firm-fisker-files-bankruptcy
  6. Property - Hong Kong & China - PROPERTY

    Government's affordable home drive protects mainland China jobs

    Posted Sep 15th 2014, 04:43am by Langi Chiang

    ... the tight lending pressure on developers of private property projects, pushing a rising number of small players to the verge of bankruptcy. "Central government authorities are not especially concerned about defaults, bankruptcies, and liquidations among private developers, construction companies, and other residential real estate-related companies that made fat profit margins during ...

    http://www.scmp.com/property/hong-kong-china/article/1592734/governments-affordable-home-drive-protects-mainland-china
  7. News - Hong Kong - COURTS

    Pilot sued over loan default by Australian betting syndicate chairman

    Posted Sep 14th 2014, 06:15am by JULIE CHU

    ... of the club and declared bankruptcy. The club allegedly owed creditors at least A$144 million. ...

    http://www.scmp.com/news/hong-kong/article/1591945/pilot-sued-over-loan-default-australian-betting-syndicate-chairman
  8. News - World - BRAZIL

    Firm of Brazil's former richest man Eike Batista files for bankruptcy

    Posted Nov 01st 2013, 04:27am by AFP

    ... up in smoke with the collapse of his flagship oil company OGX. On Wednesday, OGX filed for bankruptcy protection in Rio to avert default after debt-restructuring talks with creditors failed. Credit rating agency Moody's said with OGX's debts of up to US$5.4 billion, it would be the biggest bankruptcy protection in Latin America since 1990. Known for his passion ...

    http://www.scmp.com/news/world/article/1344810/firm-brazils-former-richest-man-eike-batista-files-bankruptcy
  9. News - China Insider - Honey Laundering

    Groeb Farms, accused of 'laundering' Chinese honey in US, files for bankruptcy

    Posted Oct 03rd 2013, 11:02am by Patrick Boehler

    ... Patrick Boehler patrick.boehler@scmp.com Biggest honey supplier in US admits it smuggled Chinese honey to avoid import taxes Groeb Farms, the largest honey supplier in the United States, filed for bankruptcy on Tuesday in Michigan amid impending lawsuits over its role in smuggling Chinese honey into America. The filing puts a halt to class-action lawsuits brought by US honey ...

    http://www.scmp.com/news/china-insider/article/1323391/groeb-farms-accused-laundering-chinese-honey-us-files-bankruptcy
  10. News - Hong Kong - COURTS

    Criminal charges, writs... now Hui faces bankruptcy

    Posted Sep 25th 2013, 12:00am by JULIE CHU

    ... Julie Chu julie.chu@scmp.com Criminal charges, writs... now Hui faces bankruptcy The Bank of East Asia has filed a petition with the High Court to bankrupt the embattled former chief secretary Rafael Hui Si-yan. Writs demanding payment on millions of dollars worth of loans have been piling up against Hui, who is embroiled in the most high-profile corruption case in Hong ...

    http://www.scmp.com/news/hong-kong/article/1316969/criminal-charges-writs-now-hui-faces-bankruptcy

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