THE Financial Secretary has been given an extra two weeks to decide whether to appeal against a court judgment allowing a Pudong Development director to receive $400 million from the sale of World Trade Centre shares two years ago.
The sale was surrounded by allegations of misconduct.
The Financial Secretary, David Tsang applied successfully for a two-week extension to Friday's deadline for an appeal to the Privy Council, his press officer, Betty Ching, said.
Sung Tze-chun, who controls the three companies that formerly owned shares in the World Trade Centre Group (WTCG), now known as Pudong Development, might have to wait for the $400 million.
The money was proceeds and interest on the sale of 419 million shares.
It was frozen by the Financial Secretary after Killeny, Commercial Success and La Fayette, refused to reveal their ownership to a government-appointed inspector.
