One leaked document described cannabidiol (CBD) oil exports as ‘currently more valuable than gold’. Photo: Reuters

Leak reveals Hong Kong firm’s troubled multimillion-dollar cannabis plan for Cameroon

  • Trade Park Corporation, a subsidiary of London-based Formations House, appears to have raised hundreds of thousands of dollars for a project in the sub-Saharan nation
  • But questions remain over where the money went, according to an investigation the Post did with NBC News and one of the teams behind the Panama Papers exposé
Topic |   Africa

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One leaked document described cannabidiol (CBD) oil exports as ‘currently more valuable than gold’. Photo: Reuters
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Hong Kong skyline and commercial buildings along the Wan Chai waterfront. Photo: Nora Tam

Hong Kong firm’s cannabis promise to Cameroon casts spotlight on corporate laws

  • Questions over funds raised by Trade Park Corporation, registered in Wan Chai, highlight concerns about city’s light-touch regulatory environment
  • The Panama Papers scandal in 2016 showed Hong Kong was a hotspot for shell companies, which are legal but can be used to hide ill-gotten gains
Topic |   Hong Kong economy

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Hong Kong skyline and commercial buildings along the Wan Chai waterfront. Photo: Nora Tam
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