Firm sues Rafael Hui for HK$3M

China Daily (Hong Kong) - - NATION | DIGEST -

A fi­nan­cial com­pany called Hon­our Fi­nance, owned by Sun Hung Kai Properties, filed two writs with the High Court on Tues­day su­ing for­mer chief sec­re­tary Rafael Hui Si-yan over HK$3.16 mil­lion of loans. Hui is fac­ing mul­ti­ple charges of cor­rup­tion to­gether with Sun Hung Kai Properties co-chair­men Thomas Kwok Ping-kwong and Ray­mond Kwok Pingluen, and two oth­ers. Hon­our Fi­nance is claim­ing the sum from Hui as guar­an­tor of the loan made to Top Faith En­ter­prises in 2004. Hui and his wife, Teresa Lo Mei-mei, are the di­rec­tors of Top Faith En­ter­prises, which is also a de­fen­dant in the state­ment of claim. Ear­lier, the Bank of East Asia sought re­pay­ment of over­draft and credit card loans from Hui through the High Court. fre­quent surge of fresh beef prices in the SAR, said Sec­re­tary for Food and Health Ko Wing-man on Tues­day af­ter meet­ing with Min­is­ter of Com­merce Gao Hucheng in Bei­jing. Ko said the work­ing group will talk to rep­re­sen­ta­tives of the trade in Hong Kong as well as stake­hold­ers in the main­land sup­ply chain, and put for­ward sug­ges­tions to ad­dress the prob­lems. Ko be­lieved the Min­istry of Com­merce has an open mind about open­ing up the mar­ket of live cat­tle im­port to Hong Kong. for which the max­i­mum penalty for is a fine of HK$2 mil­lion and im­pris­on­ment for seven years.

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