Story perspectives

Bankruptcy Strikes: 200 Workers Left Owed HK$32M in Wages

1/20/2026

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Summary

Story summary

A Hong Kong court has ordered the winding-up of Vast Luck Company Limited, the parent company of Taipan Bread & Cakes, due to unpaid debts, including HK$1.32 million in wages.
Taipan closed all branches in June 2025, leaving over 200 workers owed HK$32 million in unpaid wages and severance.
The Labour Department has filed 103 charges against Vast Luck Company and co-founder Ricky Liu for these violations.
Siu Chor-kee, co-owner of the closed Ocean Empire congee chain, has also been declared bankrupt for similar wage issues.

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Story summary

A Hong Kong court has ordered the winding-up of Vast Luck Company Limited, the parent company of Taipan Bread & Cakes, due to unpaid debts, including HK$1.32 million in wages.
Taipan closed all branches in June 2025, leaving over 200 workers owed HK$32 million in unpaid wages and severance.
The Labour Department has filed 103 charges against Vast Luck Company and co-founder Ricky Liu for these violations.
Siu Chor-kee, co-owner of the closed Ocean Empire congee chain, has also been declared bankrupt for similar wage issues.