Liquidation

For the eight months ended Aug 31, the parent company records a loss of HK$19.1 million, with total liabilities of HK$429 million

Different parties are racing to extract funds from PricewaterhouseCoopers

Winding up application filed on Feb 23 after previous legal tussles between company and its main shareholder

Airlines broadly are grappling with higher jet fuel prices due to the US-Iran war

The move signals regulators’ determination to draw a line under years of opaque shadow banking practices

CEO Andrea Orcel has said Italy’s second-largest lender will not damage its shareholders by exiting Russia at a loss

The Food, Drinks and Allied Workers Union says it has been assisting affected members since October 2025

Clarification followed media reports that it was closing Asia retail operations based on liquidation of a dormant entity

They are ruled to have no standing to participate in the process, even though claims may later be brought against them