Yeung Ka-sing faces bankruptcy over HK$338 million order
On.cc · 2 SOURCESabout 2 hours ago4 MIN
Summary
Former Birmingham City owner Yeung Ka-sing (楊家誠), who was previously jailed for six years after being convicted of money laundering, is now facing fresh insolvency action in Hong Kong. The Department of Justice earlier obtained a confiscation order requiring him to forfeit HK$338 million, and it filed a bankruptcy petition against him on September 1. The same filing round also targeted his company, Cheng Guang Investment Limited (誠廣投資有限公司), with a winding-up petition lodged in the High Court. Judiciary records show the company case is set for November 11, while Yeung's personal bankruptcy case is listed for December 1
Key Points
- Yeung Ka-sing was previously sentenced to six years' imprisonment after being convicted of money laundering, according to the report
- The Department of Justice had earlier succeeded in obtaining a confiscation order against Yeung for HK$338 million.
- On September 1, the Department of Justice filed a bankruptcy petition against Yeung in the High Court
- A separate winding-up petition was also filed against Yeung's company, Cheng Guang Investment Limited, on the same day
- Judiciary website records list the winding-up hearing for November 11 and the bankruptcy hearing for December 1, under case numbers HCCW 705/2026 and HCB 6291/2026
Why It Matters
The case shows how confiscation orders can be followed by bankruptcy and corporate winding-up proceedings when large court-ordered sums remain outstanding. For Hong Kong readers, the scheduled High Court hearings will be the next formal test of whether the government can press recovery efforts against both Yeung personally and a company linked to him