[Explanation] Hong Kong's well-known dessert brand Xu Liushan was owed a lease by the company and was applied for winding up by the Hong Kong High Court on March 11. According to the website of the Hong Kong Judiciary, the case has been scheduled for processing on June 3. It is understood that Xu Liushan pointed out in January that the company's business was greatly impacted by the “revision storm”, and the number of visitors to Hong Kong dropped sharply, resulting in a decrease of 60 to 70% of its traditional tourist area store business. Over the past few months, more than 10 Hong Kong stores have been closed Stores.

[Explanation] On March 13th, reporters came to Xuluoshan Causeway Bay Branch and Wan Chai Branch to check and found that they were closed and closed. The shop's iron door was affixed with real estate agent telephones such as "owner listing" and "wangpu renting and selling". The nearby merchants said the stores had been closed earlier. On the label posted in front of the store, you can still see the honors that Xu Liushan once obtained, such as the Hong Kong Tourism Board recognized high-quality merchants, the 2018 King of Food Award and so on.

The Hui Lau Shan Lantian Sceneway Plaza store is one of the few stores that is still in operation. This store was also sued by the owner to the High Court of Hong Kong, demanding the recovery of the store and recovering more than HK $ 190,000 in rents that began in arrears in October 2019. The shop clerk said that the branches in the tourist area were closed due to the impact of the “revision storm”.

[Contemporary] Clerk at Lam Tin Store, Hsu Lau Shan, Hong Kong (abnormal shooting)

Mong Kok and Tsim Sha Tsui (branch stores) are not open. Those are tourist areas. There are parades. Right now, they are doing too much to do business.

[Explanation] Hong Kong barrister Xiao Zhenran said that the specific amount of money owed by Xu Liushan will not be available until June when the court opens.

[Concurrent] Hong Kong Barrister Xiao Zhenran

Xu Liushan Group was wound up. I looked at some information and found that there was a company called Quanji Toys Co., Ltd. which applied for winding up Xu Liushan to the court. I guess because (Quan Ji) is not a supplier, the owner should say that it owes rent. Apply to the court (Xu Liushan), and other details we have no information as a public level.

[Explanation] Xiao Zhenran said that in Hong Kong, when a company owes more than 20,000 Hong Kong dollars and suspects that it is unable to pay, its creditors can prepare documents to apply to the court for liquidation of the company.

[Concurrent] Hong Kong Barrister Xiao Zhenran

The debtor, Xu Liushan in this case, can answer what happened to the court in this case. In this case, it can be said that I actually have the money to pay back, or that I and the creditor have reached a settlement before going to court. In these cases, the application for winding up can be cancelled. But if it is said that there is no money to pay back or a settlement agreement cannot be reached, it will enter the next step and the court may order the winding up.

[Explanation] Xu Liushan is a Hong Kong chain of dessert shops. It was founded in the 1960s. It specializes in sweet soups, desserts and snacks. It uses mango as its main ingredient and is very popular with tourists and Hong Kong citizens. However, some people said that it is not a pity that Xu Liushan closed the store because the business has won or lost.

[Concurrent] Mr. Leung, Hong Kong citizen

There was some turbulence in Hong Kong in (2019). It has been several months in Hong Kong (some ports have been closed) in (2020). Business has been affected, so it is not just the epidemic (impact). Suddenly you don't have a lot of business to do. You can stick to it for a few months, but if it's too long to stick to it, from a business point of view, you must close the door for cost reasons. I feel unfortunate. There is no pity in doing business. There are two things to expect when doing business. Either the loser or the winner.

[Explanation] Xu Liushan also responded on the same day, saying that the currently affected branches are concentrated in Hong Kong, and the mainland branches are operating as usual.

Reporter Zheng Xing reports from Hong Kong

Editor-in-chief: [Li Yuxin]