Vast Luck Company Limited – Charm

‘No reliable evidence’ Taipan bakery chain can settle debts: Hong Kong judge

4 months ago02 mins

A Hong Kong judge has said his decision to order the winding-up of bakery chain Taipan’s parent company is due to there being “no reliable evidence” that the business can settle its outstanding rent of more than HK$2 million (US$256,500). In a written judgment released on Tuesday, Deputy Judge Gary Lam Chin-ching of the High…

Hong Kong court orders winding-up of bakery Taipan, declares Ocean Empire founder bankrupt

4 months ago02 mins

A Hong Kong court has ordered the winding-up of a bakery chain and declared a co-founder of a now-closed congee restaurant group bankrupt, highlighting the plight of the local retail and catering sectors amid shifting consumption patterns. The High Court on Monday granted a petition to liquidate Vast Luck Company Limited, the parent company of…