POLYFAIR HLDGS (08532): The revised hearing is scheduled for September 2.
Baofa Holdings (08532) announced that the Bankruptcy Wage Guarantee Fund Committee has replaced Mr. Ma Jianzheng as the petitioner and submitted a revised petition. According to the revised petition, Baofa Construction owes the Fund Committee a total of HKD 2,176,969.97, which is the amount that the Fund Committee will pay to the former employees of Baofa Construction following the Labour Tribunal's ruling in favor of those employees under Section 16 of the Bankruptcy Wage Guarantee Ordinance. The hearing for the revised petition is scheduled to be held on September 2, 2026.
POLYFAIR HLDGS (08532) announced that the Bankruptcy Wage Protection Fund Committee has replaced Mr. Ma Jianzheng as the petitioner and has submitted a revised petition. According to the revised petition, Baofa Construction owes the Fund Committee the amount of HKD 2,176,969.97. This amount represents the total preferential payments made by the Fund Committee to former employees of Baofa Construction in accordance with Section 16 of the Bankruptcy Wage Protection Ordinance, following a judgment by the Labor Tribunal in favor of those former employees. The hearing for the revised petition is scheduled for September 2, 2026.
As of the date of this announcement, the High Court has not yet issued a liquidation order regarding the above petition.
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