Hong Kong protests: 59 Best Mart 360 shops vandalised in recent months, company reveals
- Company says it is discussing the issue with insurer and will have to ‘bear the corresponding economic losses’ if it does not receive compensation
- Firm has become a target of radicals who accuse it of having ties to gangs that have clashed with protesters
A popular snack shop chain in Hong Kong, Best Mart 360, has said about 60 per cent of its stores had been vandalised in the social unrest that had gripped the city in recent months.
The company, which has about 100 branches locally, has become a target of radical anti-government protesters who accuse it of having ties to “Fujian gangs” that have clashed with demonstrators.
The company has denied the allegation.
In a public notice on Wednesday, the company said that as at Sunday, 59 Best Mart 360 stores had been damaged.
The company said it was discussing the issue with its insurance firm and that it would have to “bear the corresponding economic losses” should the insurer decline to compensate it or not fully pay its claim.
“Based on the preliminary assessment of the company’s management, the social movement in the past few months in Hong Kong had a certain extent of adverse impact on the normal business operation of the group, which may affect the financial performance of the group,” the notice read.