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‘No reliable evidence’ Taipan bakery chain can settle debts: Hong Kong judge

South China Morning PostCenter-RightEN 1 min read 100% complete by Harvey KongJanuary 21, 2026 at 11:29 AM
‘No reliable evidence’ Taipan bakery chain can settle debts: Hong Kong judge
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AI Summary

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A Hong Kong judge ordered the winding-up of Vast Luck Company Limited, the parent company of the Taipan bakery chain, due to the company's inability to settle over HK$2 million in outstanding rent. Deputy Judge Gary Lam Chin-ching stated there was "no reliable evidence" that Vast Luck could pay its debts, leading to the decision. The company had twice failed to pay, breaching previous court statements. The debt, owed to the petitioner, represented unpaid rent from June to August 2025. Taipan, known for its "snow skin" mooncakes, closed all its Hong Kong branches in June of last year after 41 years in business.

Key Entities & Roles

Key Player Opposition Context
High Court 60% Gary Lam Chin-ching 70% Vast Luck Company Limited ×280% Taipan ×290% Hong Kong ×290%

Keywords

winding-up order 90% taipan 90% bakery chain 80% outstanding rent 70% debt settlement 70% court judgment 60% hong kong 60% financial failure 50%

Sentiment Analysis

Negative
Score: -0.40

Source Transparency

Source
South China Morning Post
Political Lean
Center-Right (0.50)
Far LeftCenterFar Right
Classification Confidence
90%
Geographic Perspective
Hong Kong

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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winding-up ordertaipanbakery chainoutstanding rentdebt settlementcourt judgmenthong kongfinancial failure
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