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Three more HK-linked firms close doors in China
Published on: 2008-10-23
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Three more Hong Kong-linked companies have shut in southern China, newspapers reported on Wednesday. Hong Kong-funded Chong Yik Toy shut its factory in Shenzhen, leaving hundreds of workers unpaid as it joined the queue for emergency support from the local government, the South China Morning Post said. Kong Sing Electronics, another Hong Kong-funded company, closed its factory in Shenzhen, leaving 900 people jobless, the Apple Daily reported. Garment maker and retailer U-Right International, Peace Mark and swimsuit maker Tack Fat Group have been placed under provisional liquidation.
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