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Brian Wong

Paul Y Engineering Group, one of the largest construction firms in Hong Kong, has been ordered into liquidation.
The High Court on Monday issued the winding-up orders against the 79-year-old group and its subsidiary Paul Y Management.
The orders came a month after the court appointed two provisional liquidators for five of the debt-ridden group’s subsidiaries to address debt issues and formulate a restructuring plan.
A government spokesman said last month that 13 public works projects, including 12 joint ventures with other construction firms, would be affected by Paul Y’s liquidation.
Two projects related to the development of the Lok Ma Chau Loop, an area near the border with mainland China earmarked for a hi-tech zone, are managed by the Civil Engineering and Development Department and include direct road links and site formation work.
The only contract solely undertaken by Paul Y for the management and maintenance of roads on Hong Kong Island is nearing completion.
The spokesman said the Development Bureau believed the impact of Paul Y’s looming liquidation was manageable, with the joint-venture participants concerned willing to undertake the remaining works without its involvement.
Paul Y was founded in 1946 in Shanghai and subsequently expanded into Hong Kong, becoming one of the city’s largest contractors. It worked on commercial and residential buildings, roads, runways, railways, tunnels and bridges in the city and Macau.
Major projects listed on the group’s website include the Cheung Kong Center, Cyberport, mass transit underground stations and the Cross-Harbour Tunnel.

Last year, a Hong Kong construction union accused Paul Y of failing to pay HK$2 million (US$257,106) in wages and more than HK$60 million in subcontractor costs on a student hostel project for the Hong Kong University of Science and Technology, saying the client had appointed another firm to finish the work.
Two of Paul Y’s subsidiaries, Paul Y Construction Co and Paul Y General Contractors, were sued last month for more than HK$9.5 million by one of its subcontractors for allegedly defaulting payment for several public construction works.


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Hong Kong courts

Debt-ridden contractor Paul Y ordered into liquidation by Hong Kong court

The High Court issued the winding-up orders against the 79-year-old group and its subsidiary Paul Y Management. Photo: Sun Yeung

A Hong Kong construction union accused Paul Y of failing to pay HK$2 million in wages and more than HK$60 million in subcontractor costs on a student hostel project. Photo: HKCIEGU

2 subsidiaries of debt-ridden Hong Kong contractor Paul Y sued for HK$9.5 million

Construction workers at a site in Central. Paul Y was founded in 1946 in Shanghai and subsequently expanded into Hong Kong, becoming one of the city’s largest contractors. Photo: Jelly Tse

Mankey Construction has filed lawsuits against the subsidiaries after their parent company proceeded with liquidation proceedings. Photo: Warton Li

Debt-ridden contractor Paul Y involved in 13 Hong Kong public works projects

Subcontractors or suppliers affected by the firm’s debt problems can seek compensation through legal means, the government says. Photo: Jelly Tse

The government says joint-venture partners are obliged to complete the remaining projects. Photo: Jelly Tse

Hong Kong builder Paul Y accused of failing to pay HK$62 million in wages, costs for HKUST site

About 30 workers staged a protest at the site of the Hong Kong University of Science and Technology project, displaying a banner that read: “unpaid toil and sweat”. Photo: HKCIEGU

Union leader Chan Sze-kit has said subcontractors paid salaries from last November to April but had not been reimbursed by main contractor Paul Y. Photo: HKCIEGU

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Thirteen public works projects, including 12 joint ventures with other construction firms, to be affected by the winding up order


Thirteen public works projects, including 12 joint ventures with other construction firms, to be affected by the winding up order.
