WNA Globe

World News by Wild Rose

#Housing Bureau ร—

Authorities slam online claims about Wang Fuk Court acquisition company

Hong Kongโ€™s housing authorities have dismissed online rumours that a government-established company set up to acquire flats at fire-ravaged Wang Fuk Court is an โ€œempty shellโ€ at risk of bankruptcy, saying it has signed contracts with more than 550 owners. The Housing Bureau said on Monday that claims concerning โ€œWang Fuk Court Property Rights Acquisition Limitedโ€ were โ€œentirely unfoundedโ€. โ€œIt cannot be ruled out that the allegations are made by individuals with ulterior motives to confuse the...