Authorities slam online claims about Wang Fuk Court acquisition company

Hong Kong’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 “empty shell” at risk of bankruptcy, saying it has signed contracts with more than 550 owners. The Housing Bureau said on Monday that claims concerning “Wang Fuk Court Property Rights Acquisition Limited” were “entirely unfounded”. “It cannot be ruled out that the allegations are made by individuals with ulterior motives to confuse th...

By Wynna Wong