Marina Bay Sands sues China For You Group executive for debts

Marina Bay Sands has filed a lawsuit in the High Court of Hong Kong against Chen Huaide, an executive director of China For You Group over debts of about HK$23 million ($2.9 million).

A charging order may have been made restraining Chen from transferring certain shares of certain companies on Jan. 7th, the company said in a Hong Kong Stock Exchange filing.

Chen said the action is a personal matter and the assets involved in the charging order are shares of one of his private companies. The matter can be resolved the soonest, he said.

“The board considers that the aforesaid action and all the orders made therein are personal matters of Mr. Chen. Besides, the company confirms that it had no involvement in the subject matters,” the filing said.

 

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