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HK Court of Appeal, 13-Nov-2012
X is obviously Mr Xi Yu, Chairman and majority shareholder of New Universe (8068). It's a classic case of "One Country, Two Families". The intervener (mistress), a Ms Chu Yuk Ying, is the sister of the husband of Candy Cheung Siu Ling, an ED of New Universe. Mr Xi has a Honduran passport as "Hurley Xi". The judge held that while working for Sinochem, Mr Xi traded plastics for his own advantage via companies held by the Chu family. Surely a case for the ICAC to investigate?
Organisations
- CHINA (HK) CHEMICAL & PLASTICS CO. LIMITED 中港化工塑料有限公司
- New Asia International (Group) Limited
- New Universe Enterprises Limited
- New Universe Environmental Group Limited 新宇環保集團有限公司
- NEW UNIVERSE HOLDINGS LIMITED 新宇控股有限公司
- SINOCHEM PLASTICS (HONG KONG) LIMITED 中化塑料(香港)有限公司
- SUN NGAI INTERNATIONAL INVESTMENT LIMITED 新藝國際投資有限公司
- SUN NGAI INTERNATIONAL TRADING COMPANY LIMITED 新藝國際貿易有限公司
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