More than 240 owners representing over 12 per cent of households at Hong Kong’s fire-ravaged Wang Fuk Court petitioned the government-appointed administrator in late April to hold an extraordinary general meeting, saying they might seek legal action if the request was ignored. The owners said in a statement on Tuesday that they would consider applying…
Hong Kong’s new Legislative Council held its first meeting on Wednesday, with lawmakers focusing on follow-up work after last November’s deadly fire at Wang Fuk Court in Tai Po, which claimed the lives of 161 people and displaced nearly 5,000 residents. Chief Executive John Lee Ka-chiu and government officials outlined priorities including rehousing the displaced…
Hong Kong’s insurance sector is expected to face record claims of HK$2.6 billion (US$334 million) related to the deadly fire in Tai Po, the worst in seven decades that claimed 75 lives and seriously damaged seven buildings, according to industry insiders. The fire would lead to a surge in insurance payments for personal and property…