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  • November 22, 2014
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  1. Louis Lo given suspended term

    Posted Mar 16th 2007, 12:00am by Danny Mok

    ... Danny Mok Court sentences the former tycoon for drug charges Bankrupt former playboy-tycoon Louis Lo Siu-fai was handed a suspended jail term in Macau yesterday on drug charges. As well as the 21-month term suspended for two years, the man once known as & ...

  2. More file for bankruptcy, while fewer get approval

    Posted Mar 20th 2004, 12:00am by Kelvin Chan

    ... Kelvin Chan Personal bankruptcy petitions in Hong Kong crept up last month after falling in the preceding three months. But the number of bankruptcies granted fell, the Official Receiver's Office revealed yesterday. The number of bankruptcy orders gr ...

  3. Creditors of Moulin to get 12pc first payout

    Posted Feb 03rd 2007, 12:00am by Nick Gentle

    ... Nick Gentle Court approval of initial payment plan clears the way for dividend distribution Creditors of the failed Moulin Global Eyecare Holdings and related firms will receive an initial payment of 10 per cent to 12 per cent of their dues under a plan a ...

  4. Rise in bankrupt status filings

    Posted Nov 15th 2003, 12:00am by Kelvin Chan

    ... Kelvin Chan The number of people filing for bankruptcy in Hong Kong last month rose for the first time since May. But the October figure was still the second-lowest number recorded this year, indicating that the number of bankruptcies granted will continu ...

  5. Shareholders left empty-handed as Moulin winds up

    Posted Jun 06th 2006, 12:00am by Toh Han Shih

    ... not been repaid despite demands and there was no dispute that the three companies were insolvent,' he said. The bank petitioned the High Court to wind up the firm, said Ferrier Hodgson ...

  6. SK Global rescue bid falters

    Posted Jul 11th 2003, 12:00am by Jane Moir

    ... Korean reports that talks have broken down and that all deals are off have thrown restructuring negotiations into confusion Negotiations to rescue SK Global were thrown into confusion last night as an offer by foreign creditors to secure a restructuring w ...

  7. SK Global rescue talks continue

    Posted Jul 10th 2003, 12:00am by Jane Moir

    ... Foreign creditors reject 40 per cent cash offer as some banks demand up to 80 per cent of their debt Negotiations over the rescue of SK Global will enter another round in Hong Kong today after foreign creditors rejected a token top-up of the previous 40 p ...

  8. In Brief

    Posted Jun 17th 2006, 12:00am by Staff Reporter

    ... Democrats plan to cite US case in judicial review The Democratic Party plans to seek a judicial review by the end of this month to challenge the Companies Ordinance, which requires political parties registered as limited companies to publicise their membership register, on grounds that it breaches the Basic Law's provision to protect the freedom of association. ...

  9. ICBC to pump $3.2b into bailout of Zhu Kuan Group

    Posted Aug 04th 2005, 12:00am by Jane Moir

    ... Jane Moir The mainland's biggest lender, Industrial and Commercial Bank of China (ICBC), is funding a $3.2 billion bailout of the insolvent Zhu Kuan Group as part of a wider loan package to the Zhuhai government, according to sources. Creditors of the Zhuhai government window company owed almost $8 billion will receive a letter today setting out the parameters ...

  10. Bankruptcy filings hit high for year

    Posted Aug 20th 2005, 12:00am by Dennis Eng

    ... Dennis Eng The number of petitions for personal bankruptcy submitted in July was up 133 from June, to 943- the highest monthly total this year, but nearly 10 per cent fewer than filings a year earlier. According to the Official Receiver's Office, in ...




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