More news on U-right’s provisional liquidation
Probably because U-right (627) is a quite well-known brand in Hong Kong, the HK media have a reasonably wide coverage on the provisional liquidation of U-right today. TV News, Web Site News all have features on U-right today. According to these news reports, U-right owes around HKD 1.3 billion to banks. They will close around 10 out of the 90 stores that have in Hong Kong and the people who are fired are mainly back-office staff. The provisional liquidator also reveals that there are 3 suitors interested in bidding for U-right. Is it Bossini? Giordano? Or do the suitors just want the listed shell?
