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Hong Kong High Court Orders Former Billionaire Pan Sutong to Close Holding Firm Silver Starlight & File for Bankruptcy, Fails to Repay $1 Billion Loan
15th July 2022 | Hong Kong
A Hong Kong high court has ordered former billionairePan Sutong ($27 billion fortune) to close his holding firm Silver Starlight and to file for bankruptcy after failing to repay $1 billion of loan to creditors including China Citic Bank.Hong Kong business tycoon Pan Sutong had built up massive debts through Goldin Financial Holdings, including $4.84 billion on 4 Hong Kong properties.Goldin Financial Holdings Limited is listed on the Hong Kong Stock Exchange since 2008 (stock code: 00530), with the business interests of Goldin Financial Holdings Limited (“Goldin Financial”) covering a diverse range of sectors including property, factoring, wine and dining in Hong Kong, Mainland China, the United States and France.
” Hong Kong High Court Orders Former Billionaire Pan Sutong to Close Holding Firm Silver Starlight & File for Bankruptcy “
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Goldin Financial Holdings Limited
Goldin Financial Holdings Pan Sutong
Goldin Financial Holdings Limited is a listed company that engages in a diverse range of businesses across the world. From property to factoring, wine and dining, we are committed to going beyond the market standard for every product and service we provide. Listed on the Hong Kong Stock Exchange since 2008 (stock code: 00530), the business interests of Goldin Financial Holdings Limited (“Goldin Financial”) cover a diverse range of sectors including property, factoring, wine and dining. Our businesses are present in Hong Kong, Mainland China, the United States and France.
Goldin Financial’s property business encompasses development and investment. We have a number of high-end commercial and residential projects situated in exceptional locations. As for factoring services, we are one of the pioneers in China. Our factoring facilities provide our clients with easier access to working capital and a more flexible use of funds without the need for collateral. We also operate a wide-ranging wine business, including wineries, wine storage and trading around the world. Beginning our dining operations in 2017, we run four top-notch speciality restaurants in the new Kowloon East landmark Goldin Financial Global Centre.
Managing $20 million to $3 billion. Investing $3 million to $300 million.
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