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,…
A senior management member of Hong Kong’s largest vocational training provider with extensive experience in the logistics sector, has been named the new chief executive of the consumer watchdog. Alaina Shum Jiu-fai, appointed by the Consumer Council, will start her new role in August, succeeding Gilly Wong Fung-han, who led the watchdog for 13 years….
The Hang Seng Index gained 0.7 per cent to 24,329.11 at 10.56am local time, while the Hang Seng Tech Index advanced 0.5 per cent. On the mainland, the CSI 300 Index strengthened 0.6 per cent and the Shanghai Composite Index added 0.4 per cent. BYD gained 1.2 per cent to HK$137.20 after it joined other…
Gilly Wong Fung-han, chief executive of Hong Kong’s consumer watchdog, is expected to leave her role later this month after nearly 13 years on the job, the Post has learned. A source familiar with the matter said on Saturday an official announcement would be made as soon as May 6. The Consumer Council posted a…
Local bedding company Sea Horse has threatened legal action against Hong Kong’s consumer watchdog for giving one of its mattresses the lowest score out of 14 sampled and describing it as “very hard,” stressing its ultra-firm range was developed after extensive research and testing. The company on Wednesday slammed a recent mattress test by the…