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Written by: Li Huina
2020-07-31 14:18
The last update date: 2020-07-31 14:19Kangtai Travel Agency was filed with the High Court for winding-up by its creditors yesterday (30th). According to the Judiciary's website, the court is scheduled to conduct a preliminary hearing on November 4 this year. Kangtai responded to the recovery of fees and stated that it was due to the time delay caused by the transfer of funds, and said that it was ready to pay the funds. It believed that it could solve the problem with the relevant company soon, and reiterated that Kangtai was financially sound.
The petitioner was Webport Limited (trading as RTS), which requested Kangtai Travel Service Co., Ltd. to wind up. The petitioner filed a petition to the High Court yesterday (30th). According to the RTS webpage, the petitioning company mainly arranges itineraries for tour groups traveling to Northern Europe. The relevant destinations include Finland, Sweden, Norway, etc.
Kangtai said it can maintain financial stability
A Kangtai spokesperson responded that the travel company's claim for expenses was due to the time delay caused by the transfer of funds in transit. They are ready to pay the funds and believe that they can resolve the issue with the relevant company soon.
Regarding reports that our company was filed by a travel company to recover expenses, Kangtai Travel Agency stated that the new crown pneumonia has severely smashed the tourism industry and brought the tourism industry into a cold winter for nearly 7 months. However, the company can still maintain financial stability and shareholders will also Full support. In the face of such an epidemic, we are still optimistic and strong to face the difficulties, actively seek innovation and change, and seek opportunities from the crisis.
Kangtai is now owned by a company under HNA
Kangtai Travel Agency was established in Hong Kong in 1966. It is one of the oldest travel agencies in Hong Kong. It has many branches. In addition to organizing tours to various places, there are also parades, cruises, air tickets, hotels, study tours and overseas Reservation service for weddings, etc.
According to the company registry, the two original directors of Kangtai, Huang Shixin and Huang Jinda, father and son, resigned as directors of Kangtai Travel Agency on Valentine's Day on February 14 last year. The equity of Kangtai was also transferred to "Shengtou International" with HNA background as early as 2011, and Huang and his sons withdrew from all Kangtai travel agencies last year. HNA's Caesars Tourism (Shenzhen: 000796) acquired Kangtai in December last year for 116 million yuan.
Case Number: HCCW243/2002
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