News

3Novices:‘It’s my decision’: 97-year-old Lo matriarch says she pushed for lawsuit to dismiss HSBC

Lo To Lee-kwan, the 97-year old matriarch of Hong Kong property giant Great Eagle Holdings, said it was her own decision to file a lawsuit to dismiss HSBC as a trustee of her family business, as the bank did not follow her guidance on managing the estate.
“I asked them to acquire more Great Eagle Holdings shares, [as] that is good for the company. But they did not carry out the request. They said I had no right [to instruct them],” said Lo.
It is the first time the wife of the…
June 16, 2017 at 08:08PM http://ift.tt/2rzika1
#3Novices #News #OnlineMedia #China 3Novices China

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