New details have revealed that Joseph Leung, who is in the center of HKD 25 million wine theft, might have sold the stolen bottles at auctions. Read More
Major Cellar
As Hong Kong listed wine company Major Cellar quickly distances itself from its former CEO and director, we look at the biggest wine scam case of recent history in Hong Kong.
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Joseph Leung, who has just resigned from Hong Kong listed wine company Major Cellar as director, has been arrested by police for allegedly embezzling HKD 25 million (US$3.21 million) worth of fine wines and spirits from a client, Vino Joy News has exclusively learned. Read More
Hong Kong listed company Madison offers grim warning of market outlook as it reports a 65.6% drop in Q2 revenue. Read More
Hong Kong's publicly listed wine company, Major Cellar, has issued a profit warning this month, alerting shareholders that the city's months of social unrest and Covid-19 could shave off up to HK$35 million (US$4.5 million) of its profits for the year ended on March 31 2020. Read More