Sunshine 100 China Holdings, a mainland Chinese developer facing debts amid China’s property sector downturn, said on Thursday that it plans to oppose a winding-up petition filed against it in Hong Kong. HTI Financial Solutions and Haitong International Financial Products filed the winding-up petition against the developer at the High Court of Hong Kong over…
A US-based church has recently dropped a bombshell by suing a top Hong Kong international school it co-founded for allegedly breaching an operating agreement, threatening to evict the institution from its campuses and set up a new one. The Lutheran Church–Missouri Synod (LCMS) from the United States has also accused the operator of Hong Kong…
A Hong Kong court has formally frozen an HSBC account at the heart of a high-stakes lawsuit that pits three claimants of a multibillion-dollar inheritance against the CEO of Hangzhou Wahaha Group, a beverage empire dubbed “China’s Coca-Cola”. The order will remain in force until another parallel lawsuit filed in a Hangzhou court is finished,…