VOLUME  VII  No. 199 F R I D A Y October 21,  2005




   

 


PART IV
 

 

GARMENT  MANUFACTURERS  FACE  CRITICAL  TIMES: 

LONG  TO  COTTON  YARN  COMPANY  LTD:
ANOTHER  INDUSTRIALIST  IS  ABOUT  TO  GO  TO  THE  KNACKER’S  YARD  ?


And yet another textiler of the Hongkong Special Administrative Region (HKSAR) of the People’s Republic of China (PRC) appears to have closed down. 

The textiler is the rather large group of companies, belonging to Long To Cotton Yarn Company Ltd (浪淘花紗有限公司) of Castle Peak Road, Kowloon, the HKSAR. 

Over the past 14 months, this group of companies and their principals have amassed a total of not less than 20 Claims in various HKSAR Courts. 

The aggregate amount of these 20 claims is not less than $HK110 million. 

The main companies of the Long To Group comprise: 

Long To Cotton Yarn Company Ltd;
Decortex Ltd (德威紡織有限公司); and,
Primestar China Ltd (恆星中國有限公司). 

The principal players of the above-mentioned companies are: 

Ms Connie Chung Hong Nay (鍾康妮);
Ms Fan Kwan Tai (范群娣); and,
Mr Lam Ka Wai (林家威). 

According to the database of TOLFIN (The Computerised Online Financial Intelligence Service and Web-Based, Credit-Checking Provider), since August 2004, these are the major Claims, lodged in various HKSAR Courts against the above-mentioned companies and individuals: 

High Court

Long To Cotton Yarn Company Ltd 浪淘花紗有限公司

Action Number

Filing Date

Plaintiff

Defendant

Nature of Claim

Amount

0500817

06/05/2005

J.K.N. International Ltd

Long To Cotton Yarn Company Ltd 浪淘花紗有限公司

Money Due and Owing 到期應付款/欠款

HK$1,807,850.00

0501869

22/09/2005

Dah Sing Bank Ltd 大新銀行有限公司

Lam, Ka Wai 林家威
Fan, Kwan Tai 范群娣
[and]
Long To Cotton Yarn Company Ltd 浪淘花紗有限公司

Money Due and Owing 到期應付款/欠款

HK$12,374,300.62

0501876

24/09/2005

Bank of Communications (Hongkong Branch) 交通銀行(香港分行)

Lam, Ka Wai 林家威
[and]
Long To Cotton Yarn Company Ltd 浪淘花紗有限公司

Money Due and Owing 到期應付款/欠款

HK$4,963,204.57

0501877

24/09/2005

Bank of Communications (Hongkong Branch) 交通銀行(香港分行)

Lam, Ka Wai 林家威
[and]
Long To Cotton Yarn Company Ltd 浪淘花紗有限公司

Money Due and Owing 到期應付款/欠款

HK$4,369,098.25

0502003

13/10/2005

DBS Bank (Hongkong) Ltd 星展銀行(香港)有限公司
[formerly known as]
Dao Heng Bank Ltd 道亨銀行有限公司

Long To Cotton Yarn Company Ltd浪淘花紗有限公司

Fan, Kwan Tai范群娣 Lam, Ka Wai林家威


 

Money Due and Owing到期應付款/欠款

HK$4,451,453.87

 Small Claims 

Long To Cotton Yarn Company Ltd 浪淘花紗有限公司

Claim No

Hearing Date

Claimant

Defendant

Nature of Claim

047945/05

06/09/2005

Mandatory Provident Fund Schemes Authority

Long To Cotton Yarn Company Ltd 浪淘花紗有限公司

Miscellaneous

053197/05

05/10/2005

Mandatory Provident Fund Schemes Authority

Long To Cotton Yarn Company Ltd 浪淘花紗有限公司

Miscellaneous

Labour Tribunal

Long To Cotton Yarn Company Ltd 浪淘花紗有限公司

Claim Number

Hearing Date

Claimant

Defendant

LBTC1563/2005

22/04/2005

Lau, Ho 劉好

Long To Cotton Yarn Company Ltd 浪淘花紗有限公司

District Court ... CLICK  TO  ORDER  FULL  ARTICLE

 

 

 

While TARGET makes every attempt to ensure accuracy of all data published, 
TARGET cannot be held responsible for any errors and/or omissions.

 

 

 


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