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  • November 25, 2014
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  1. Company director failed to pay wages

    Posted Aug 10th 2010, 12:00am by Staff Reporter

    ... Staff Reporter David Bruce Hong, a director of medical equipment company Mackay Holdings, which was in compulsory liquidation, was convicted in Eastern Court yesterday for failing to pay wages to four employees totalling almost HK$310,000. Deputy Magistrate Kennis Tai Chiu-ki said Hong had transferred funds to pay suppliers but not his staff. Tai adjourned sentencing to August ...

  2. Restaurant owner jailed for wages offences

    Posted Jul 29th 2005, 12:00am by Staff Reporter

    ... premises, a government spokesman said. This is the first time a company director was sentenced to jail for wage offences. Chan Wing-fai, director of Wealth Rainbow Enterprises, was jailed ... and Labour Matthew Cheung Kin-chung said the penalty imposed showed the seriousness of wage offences. It would serve to deter potential offenders. 'It sends a strong message that company ...

  3. Computer firm wants director of operations

    Posted Jul 12th 2008, 12:00am by Ana Wang

    ... headquarters of Fujitsu Japan, which specialises in the marketing and sales of personal computers for corporate and end-user markets in the region. The company is looking for a director of operations. ... supply chain or a related discipline with at least five years' experience in a similar capacity at a multinational company. Other responsibilities of the director of operations include ...

  4. Alec Tsui becomes fifth director to quit Value Convergence board

    Posted Jul 21st 2004, 12:00am by Enoch Yiu

    ... since the Independent Commission Against Corruption arrested one of the company's executives 10 days ago. Mr Tsui is the fifth director to resign from the firm, chaired by Macau casino ... in violation of a stock exchange rule requiring all listed companies to have at least two independent non-executive directors. Mr Ho said a replacement would be found for Mr Tsui within eight weeks. Mr ...

  5. SFC case puts director bans in spotlight

    Posted Oct 31st 2009, 12:00am by Enoch Yiu

    ... company banned. And while the commission can revoke a licence for life, the court can only ban a person from being a director for up to 15 years. The effectiveness of the procedure has been called into question, especially because in all the cases up to now, the offending directors have either already quit the board of the particular company or the business has been wound up or restructured. ...

  6. Chapter 11 plan stalls on director liability, wages

    Posted Nov 16th 2009, 12:00am by Enoch Yiu

    ... taken by [their] directors, companies have been able to restructure their business into more sustainable operating models with realistic debt levels.' Many bankers share the view, believing ... block. One of the most controversial provisions concerns director liability. The current bill would expose directors to liability in certain cases if their companies continued to operate ...

  7. Oasis pair deny conning firm into buying worthless shares

    Posted Feb 12th 2009, 12:00am by Staff Reporter

    ... the airline's day-to-day operations, the lawsuit claimed. But Mr Lee said yesterday that company directors and shareholders had full knowledge of the deal and the US$350 million value attached ... Peter Brieger The husband and wife team behind defunct Oasis Hong Kong Airlines yesterday denied accusations that they conned the company into buying worthless shares in its operating ...

  8. Why is Linus Cheung still an HKR independent director?

    Posted Dec 20th 2008, 12:00am by Shirley Yam

    ... or director of the listed issuer, of its holding company, or any of their respective subsidiaries. The logic is simple. How can one be independent from the controlling shareholder if he earns a salary ... the listed company must demonstrate to the satisfaction of the exchange that the director is independent. It must also disclose the reason why such person is considered to be independent. More than ...

  9. Troubled car insurer handed to liquidators

    Posted May 09th 2009, 12:00am by Staff Reporter

    ... Starlite would not be able to settle debts when they were due. Hours later, police arrested three of the company's directors, including founder and managing director Atu Balani, ... would minimise disruption to its policyholders, Commissioner of Insurance Clement Cheung Wan-ching said. The company, which was founded in 1975 and has its headquarters in Causeway Bay, insures ...

  10. Slumping Sales

    Posted Sep 05th 2008, 12:00am by Staff Reporter

    ... be fired. Centaline executive director Louis Chan Wing-kit estimated that the economic downturn had led to a 20 per cent fall in the company's monthly profits- from HK$1.5billion ... couple of years, our business is developing steadily,' said the company's managing director, Willy Liu Wai-keung. 'We haven't overexpanded and don't have to cut manpower ...




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