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On a warm Saturday in early May, the kind of day most would choose to spend on a hike or at the beach, hundreds of Hongkongers instead stood for hours in a queue at Edinburgh Tower in Central. But despite the loss of a pleasant weekend afternoon, none would be likely to consider it time wasted. They were there claim their fair share of HK$1.5 billion (US$191 million) owed to independent shareholders of Giordano International in the largest settlement on record by the city’s Securities and [...]

Trial flights for Hong Kong’s first two-tonne electric vertical take-off and landing (eVTOL) aircraft could take place within the next six months, initially to transport heavy construction materials to remote sites in the New Territories. Infrastructure consultancy AECOM said once aviation safety for cargo logistics was proved, the potential next step was ecotourism, providing an alternative sustainable option for Victoria Harbour aerial sightseeing tours. The trial was part of a recently [...]

Hong Kong police have proposed introducing legislation enforced by a designated agency to criminalise bid-rigging, along with more attractive leniency and cooperation agreements for whistle-blowers, in the wake of the city’s deadliest fire in decades. In a submission to a judge-led independent committee investigating last November’s disaster at Wang Fuk Court released on Friday, Superintendent Lam Kai-chor of the organised crime and triad bureau said the current civil regime of the Competition [...]

Collections from Hong Kong’s M+ museum will be exhibited in Paris alongside works from the Centre Pompidou in France under a five-year deal signed by the two institutions, which also covers research and talent exchanges. The memorandum of understanding for the multi-year partnership was signed on Friday at the M+ by its director Suhanya Raffel and Laurent Le Bon, the president of the Centre Pompidou. French Consul General Christile Drulhe witnessed the ceremony. “This is the first time for Hong [...]

A Hong Kong property developer has been sued for HK$130 million (US$16.6 million) over allegedly breaching guarantor obligations in two bond subscription agreements, becoming the latest lawsuit to implicate the embattled company and following its founder’s sudden death earlier this week. Lofter Group, known for its urban renewal projects across the city’s core districts, and an affiliated company were named as defendants in the High Court action initiated by Earth Core Holdings, a firm [...]