Hong Kong’s biggest teachers’ union to hold special meeting to vote on disbanding and liquidation
- Professional Teachers’ Union has already agreed to sell a property which housed one of its two supermarkets to a medical group for HK$175 million
- Sources says there will be votes at next Saturday’s meeting of members on whether to fold, initiate winding-up procedures and dismiss 200 employees
Hong Kong’s largest teachers’ union will hold a special meeting next Saturday to vote on a motion to disband and begin winding-up procedures, the Post has learned.
The embattled Professional Teachers’ Union (PTU) has already agreed to sell a property which housed one of its two supermarkets to a medical group for HK$175 million (US$22.5 million), an acquisition circular revealed.
“Assets, after paying off liabilities and dismissing staff, will be distributed evenly to members in accordance with our constitution,” PTU chief executive Andrew Shum Wai-nam told the Post on Saturday.
Sources said there would be votes at next Saturday’s meeting of members on whether to fold the opposition-leaning union, authorise its executive committee to initiate liquidation procedures and dismiss its more than 200 employees.
The 95,000-member body, which has come under pressure from the government and state media, passed a resolution last Saturday allowing it to be dissolved if two-thirds of attendees at a meeting voted to do so.
