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Education chief 'sorry' for not declaring company
Education chief Eddie Ng 'sorry' for not declaring company[/size=5][/b]
http://www.scmp.com/news/hong-kong/article/1290597/education-chief-eddie-ng-apologises-listing-oversight
Education minister Eddie Ng Hak-kim apologised yesterday for failing to report a possible conflict of interest over a company he
owned that he said had stopped operating three months before he took office.
Details emerged during the annual updating of the declarations of interests by the chief executive, members of the Executive Council
and political appointees.
It comes amid a conflict-of-interest row surrounding development minister Paul Chan Mo-po, who did not make any updates on the list. Chan's family owns plots of land due to be developed in the northeastern New Territories.
Ng blamed an "oversight" for not reporting his ownership of a private Hong Kong company - Human Capital Management Consulting Limited.
"I sincerely apologise to the public as I have not been able to wind up as early as possible a non-operating consulting company
under my ownership because of oversight," he said.
[#FF0000]"I had forgotten that I had not completed the winding-up procedures for that company until recently when required to make
declarations of interests.[/#FF0000]
"The company ceased operation three months before I assumed office. Without any business activity, office or employees, the company has no conflict of interest with my holding of public office."
Ng revealed a document issued by Unity Corporate Services Limited - commissioned by Ng to handle the winding-up - stating that the
business provided HR advice, coaching and consulting. It received its last client payment in March last year, months before Ng took
office.
The declaration showed that Chief Executive Leung Chun-ying's wife, Regina Leung Tong Ching-yee, bought a residential property in
Cambridge, England, for "occupation by the family" this year.
The couple also own three residences in Hong Kong, of which two adjacent units on The Peak are vacant. The other, in Southern
District, is leased out, as are two more in Singapore. Tong owns another flat in Kensington, London, for personal use.
Leung has shuffled all his shares in Wintrack Worldwide and DTZ Holdings into a trust, of which his wife is beneficiary.
Paul Chan's disclosed properties include a Happy Valley flat with two car spaces owned by "my wife and our family members". Chan
lives there. The property is held through a locally registered company called Victorwood Development.
His wife, Frieda Hui Po-ming, owns an apartment with a parking space in Sydney that she leases out. Chan is a joint party to the
mortgage on the property.
Chan's political assistant, Henry Ho Kin-chung, has six properties in Beijing, Wan Chai, Sha Tin and Sham Shui Po.
Several non-official Exco members clarified previous disclosures.
Anna Wu Hung-yuk said that the total area of vacant lots scattered across Islands District held by Manyulon Properties, of which she holds a 6.5 per cent share, was 51,618.6 square feet.
Bernard Chan has added to his portfolio another company in Liberia, on top of two others there where he has previously declared an
interest.
http://www.scmp.com/news/hong-kong/article/1290597/education-chief-eddie-ng-apologises-listing-oversight
Education minister Eddie Ng Hak-kim apologised yesterday for failing to report a possible conflict of interest over a company he
owned that he said had stopped operating three months before he took office.
Details emerged during the annual updating of the declarations of interests by the chief executive, members of the Executive Council
and political appointees.
It comes amid a conflict-of-interest row surrounding development minister Paul Chan Mo-po, who did not make any updates on the list. Chan's family owns plots of land due to be developed in the northeastern New Territories.
Ng blamed an "oversight" for not reporting his ownership of a private Hong Kong company - Human Capital Management Consulting Limited.
"I sincerely apologise to the public as I have not been able to wind up as early as possible a non-operating consulting company
under my ownership because of oversight," he said.
[#FF0000]"I had forgotten that I had not completed the winding-up procedures for that company until recently when required to make
declarations of interests.[/#FF0000]
"The company ceased operation three months before I assumed office. Without any business activity, office or employees, the company has no conflict of interest with my holding of public office."
Ng revealed a document issued by Unity Corporate Services Limited - commissioned by Ng to handle the winding-up - stating that the
business provided HR advice, coaching and consulting. It received its last client payment in March last year, months before Ng took
office.
The declaration showed that Chief Executive Leung Chun-ying's wife, Regina Leung Tong Ching-yee, bought a residential property in
Cambridge, England, for "occupation by the family" this year.
The couple also own three residences in Hong Kong, of which two adjacent units on The Peak are vacant. The other, in Southern
District, is leased out, as are two more in Singapore. Tong owns another flat in Kensington, London, for personal use.
Leung has shuffled all his shares in Wintrack Worldwide and DTZ Holdings into a trust, of which his wife is beneficiary.
Paul Chan's disclosed properties include a Happy Valley flat with two car spaces owned by "my wife and our family members". Chan
lives there. The property is held through a locally registered company called Victorwood Development.
His wife, Frieda Hui Po-ming, owns an apartment with a parking space in Sydney that she leases out. Chan is a joint party to the
mortgage on the property.
Chan's political assistant, Henry Ho Kin-chung, has six properties in Beijing, Wan Chai, Sha Tin and Sham Shui Po.
Several non-official Exco members clarified previous disclosures.
Anna Wu Hung-yuk said that the total area of vacant lots scattered across Islands District held by Manyulon Properties, of which she holds a 6.5 per cent share, was 51,618.6 square feet.
Bernard Chan has added to his portfolio another company in Liberia, on top of two others there where he has previously declared an
interest.
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