Kai Shi Bakery, a veteran bakery, was involved in the scandal of wage arrears and rent arrears earlier. Its owner Xiao Weijian and his wife Yuan Xuequan were also accused of fraud and arrested.
The parent company of Kaishi Bakery, Kaishi Food Co., Ltd., was petitioned for winding up by a company last Friday (20th). The case has been scheduled for hearing on March 29 this year.
The petitioner, Aytat Enterprises Limited, asked the High Court for an order that Kaiser Foods Limited be wound up.
Last year, it was reported that Kaishi Bakery was "delaying food", and it was also involved in arrears of MPF contributions of about 760,000 yuan.
In addition, many of the company's branches were involved in rent arrears and were filed for rent recovery.
Xiao Weijian and his wife Yuan Xuequan were arrested this month and released on bail pending investigation.
They were accused of falsely claiming by the finance company that the company's four properties had only been mortgaged once in order to obtain a loan of about 10 million yuan.
Case number: HCCW35/2023
Kaishi Bakery Xiao Weijian and his wife were arrested for fraud and falsely claimed that the 4 properties had not been mortgaged, uh, borrowed $10 million Kaishi Bakery?
83 million and then sold the ground floor shop in Tsim Sha Tsui for 160 million Kaishi Bakery 80 million selling Tai Wai shop loss of 5 million in ten years Kaishi Bakery The four-storey shop on Main Road, Yuen Long was confiscated by the rich and launched a tender with a market value of 100 million Kaishi Bakery was chased for rent again. Links filed a lawsuit to pursue the rent of 4 stores exceeding RMB 516,000 and asked to take over Kaishi Bakery’s parent company was accused of not paying the rent of two shops. The sale of most of the two industrial buildings in Kwun Tong has a market value of about 800 million, and the wage arrears turmoil is involved. The Kaishi Bakery is 89 million and the profit of the Dawei shop in ten years is less than 5%. The property owner filed a petition for rent pursuit and demanded the return of the shop. Kaishi Bakery was filed for tax arrears and rent arrears of 20 million yuan. The property was repeatedly mortgaged and borrowed.