日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Companies

HK court freezes South Beauty founder's assets

By XIE YU (China Daily) Updated: 2015-03-21 09:50

London-based private equity firm CVC Capital Partners has won a court order to freeze the assets of Chinese restaurant chain South Beauty chairwoman Zhang Lan. CVC had taken a majority stake last year.

The court order, granted by Hong Kong High Court Justice Andrew Chung on March 6, was directed against Zhang Lan, founder of South Beauty, Grand Lan Holdings Group Ltd, and South Beauty Development Ltd.

CVC Capital, which had acquired an 83 percent stake in Zhang's South Beauty restaurant chain for $300 million yuan last year, confirmed the development to China Daily on Friday and said the freeze order pertains to Zhang's personal assets and does not affect the normal operations of the restaurant chain. The company, however, refused to divulge details on the dispute between two sides. South Beauty's headquarters in Beijing refused to comment on the issue.

According to information made available from the Hong Kong High Court, the two sides are expected to be present in the court again for the next round of hearings scheduled for May 8.

"The court decision looks more like one aimed at property preservation, usually requested by the applicant, based on concerns that the respondents may transfer the assets if the court makes a final ruling in future that is unfavorable to them," said Geng Shuang, chief executive officer of the Guangzhou-based Bestfound Law firm.

Relations between Zhang Lan and CVC Capital are believed to have soured after the deal between the two companies last year. It is quite likely that Zhang Lan did not transfer the stake to CVC Capital on time, or she reneged on the commitments mentioned in the deal, Geng said.

"It is possible that CVC may want the money it invested in the company back. But, there is still a long way to go until the final ruling," she said.

The 57-year-old Zhang rose to fame in China after establishing the South Beauty chain of upscale restaurants that specialize in spicy Sichuan food. The restaurants also used to charge a 15 percent service charge, a rarity in the domestic market.

Zhang was ranked the third-richest in the Hurun rich list for the catering business as early as 2009, with a fortune of about 2.5 billion yuan ($403 million).

After her son's marriage to Taiwan pop star Barbie Hsu, Zhang opened her first restaurant in Taiwan in 2012. Zhang was ranked 589 with 3.1 billion yuan of personal assets on Hurun Rich List 2011. That was also the last time she appeared on the list.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 在线毛片观看 | 日韩欧美午夜 | 成年人在线免费看 | 日本一级在线观看 | 美女毛片视频 | 中文字幕av观看 | 魔性的诱惑 | 中文字幕在 | 免费视频中文字幕 | 日本a级片在线观看 | 一本一道精品欧美中文字幕 | 日韩天堂 | 精品一区二区三区中文字幕 | 婷婷射丁香 | 亚洲成人网在线观看 | 五十路在线视频 | 国产刺激对白 | 欧美日本精品 | 台湾久久 | 96在线观看 | 亚洲一区欧美 | 国产精品久久久久久在线观看 | 成人免费视频国产免费网站 | 懂色av蜜桃av| 黄色片aa| 日韩av免费在线播放 | 午夜精品久久久久 | 久久有精品| 日韩一级二级三级 | 免费一级全黄少妇性色生活片 | 欧美黄色三级视频 | 国产精品美女在线观看 | 国产精品欧美在线 | 天天干天天舔 | 久久av导航| 在线播放日韩 | 久久久精品成人 | 日韩精品久久久久久久 | 亚洲黄色激情 | 日本天堂在线 | 人人干在线观看 |