High Court Orders Winding Up Of LE Corporation
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2018-02-21 HKT 11:39
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The High Court on Wednesday ordered the winding up of LE Corporation.
The company, whose business includes providing licensed programmes via internet TV boxes, applied for a voluntary liquidation last December.
It is in at least HK$74 million of debt. Its creditors include film distributor Sundream Motion Pictures and local newspaper Hong Kong Economic Times.
LE Corporation is wholly owned by a Beijing-based firm which is a subsidiary of Chinese technology conglomerate LeEco.
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