An honorable member of the Coffee Shop Has Just Posted the Following:
Casino = Misery. fucking PAP.
Marina Bay Sands sues For You Group boss over debts in Hong Kong; NagaCorp storage removed from Buddhist land in Cambodia
January 12, 2015
Marina Bay SandsMarina Bay Sands sues For You Group boss over debts in Hong Kong; has put on the gloves and sued China For You Group chairman Chen Huaide for running away from S$3.9 million in debts. The Singapore subsidiary of US casino operator Las Vegas Sands filed the lawsuit in the Hong Kong High Court late last week.
In a filing with the Hong Kong exchange, China For You said Huaide, who replaced He Jianhong as chairman of the investment holding company, could be responsible for the company’s unusual share price movement. China For You plunged 27.4% to 45 Hong Kong cents last Thursday before falling another 11.1% to 40 Hong Kong cents on noon last Friday.
“A charging order may have been made restraining Mr Chen from transferring certain shares of certain company or companies on January 7,” the company said in its filing.
China For You Group, which changed its name from China Packaging Group in November 2014, explained that the issue involving its chairman “is his personal matter.” According to a statement released by the company, the shares of one of Huaide’s private companies are the subject assets of the changing order and that the company “had no involvement in the matters.”
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13-01-2015, 03:10 PM
Marina Bay Sands now going overseas to sue for gambling debts.
