The Singaporean community in Hong Kong will donate HK$1.83 million (US$235,230) to the government’s relief fund for the Tai Po fire victims, praising city residents for embodying the “Lion Rock Spirit” as the groups rallied to support those affected. The Singaporean consulate said on Wednesday that the fundraising was jointly organised with Singapore International School,…
Hong Kong and mainland China are set to see more corporate restructuring and liquidation in commercial real estate, restaurants and retail shops in 2026 due to the weak economy and changes in consumer behaviour, according to veteran liquidator Derek Lai Kar-yan. The challenging economic environment, however, provides opportunities for experts like Lai, 60, who is…
The trust of late billionaire Nina Wang Kung Yu-sum has donated HK$100 million (US$12.8 million) to victims of the deadly Tai Po blaze, surpassing tycoon Li Ka-shing to become the second-largest single donor after the Hong Kong Jockey Club. Nina Wang Charity Management announced on Thursday that it would donate HK$100 million to support the…
A Hong Kong court has temporarily blocked convicted forger Peter Chan Chun-chuen from being discharged from a bankruptcy order imposed on him after he was found to have faked the will of late tycoon Nina Wang Kung Yu-sum and failed to pay HK$28.4 million (US$3.6 million) in legal fees to her charitable foundation. Chan, a…