Fulling files for bankruptcy of Bonjour HK founder
Local financial firm Fulling has filed for bankruptcy for Hello Hong Kong founder Ip Chun Heng Wilson. The hearing is scheduled for the afternoon of November 8, 2022.
According to the court order, a company named Fulling has filed for bankruptcy protection for the founder of local retailer Hello Hong Kong, Ip Chun Heng Wilson, Chung Pui Wan and Ip Wai Tung.
The bankruptcy petition is not open to the public for inspection, details of debts related to the case are not disclosed.
This is not the first time that ips have been involved in lawsuits. In December last year, Haifu International Finance said it lent HK$200 million to 真一who is believed to be related to Ip and his wife, but the two only paid HK$80 million, so the company asked the court to require 真一 and the couple to return the money, according to on.cc.
More recently, a company named Capital Union Inc filed for bankruptcy protection against Stephen Shiu Junior, chairman of HMV Digital China, after he was sued for more than HK$278 million in August. The hearing is scheduled for the afternoon of November 1, 2022. INTERACTIVE-MARKETING contacted Shiu for a statement. The bankruptcy petition is not open to the public for inspection, details of debts related to the case are not disclosed.
In 2019, Stephen Shiu Jr made headlines when he publicly apologized to Hong Kong creditors and staff for having to shut down music retail store HMV, according to SCMP. The tycoon revealed that the local unit of the iconic brand had suffered losses of HK$300 million in just two years, under pressure from the era of digital downloads. He also planned to conduct a liquidation sale of the company’s remaining stock of CDs and DVDs.
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