Firm sues Rafael Hui for HK$3M
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.