Fulling applies for bankruptcy for Bonjour HK founder

Local financial company Fulling has applied for bankruptcy for Bonjour Hong Kong’s founder Ip Chun Heng Wilson. The hearing has been scheduled for the afternoon of 8 November 2022. 

According to the court writ, a company named Fulling has applied for bankruptcy for local retailer Bonjour Hong Kong founder Ip Chun Heng Wilson, Chung Pui Wan and Ip Wai Tung.

The bankruptcy petition is not open to the public for inspection, the details of the debts related to the case are not disclosed.

This isn’t the first time the Ips have been involved in lawsuits. Back in December last year, Haifu International Finance stated that it had lent HK$200 million to 真一, which was said to be related to Ip and his wife, but the two only paid HK$80 million, so the company requested the court to demand 真一 and the couple to return the money, according to on.cc.

Most recently, a company named Capital Union Inc has applied for bankruptcy for Stephen Shiu Junior, chairman of HMV Digital China, after being sued for more than HK$278 million in August. The hearing has been scheduled for the afternoon of 1 November 2022. MARKETING-INTERACTIVE reached out to Shiu for a statement. The bankruptcy petition is not open to the public for inspection, the details of the debts related to the case are not disclosed.

Back in 2019, Stephen Shiu Jr had dominated headlines as he publicly apologised to creditors and staff in Hong Kong for having to shut down music retail store HMV, according to SCMP. The tycoon revealed that the local unit of the iconic brand had reported losses of HK$300 million in just two years as it was under the pressure of the digital downloads age. He also planned to have a liquidation sale of the company’s remaining stock of CDs and DVDs.

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