Troubled British private school in Hong Kong seeks winding up order against former operator
- Mount Kelly School says concerns over accounting practices led to its decision
- Institution has struggled to pay staff and rent recently, but reopened on August 24 for new academic year
A troubled British private school in Hong Kong will seek to liquidate its former operator, which it has accused of keeping incomplete accounting records and having multiple conflicts of interest.
In a statement on Wednesday, Mount Kelly School said it had made the decision to seek a winding up order against its former operator, PM Education Operation Limited, which was previously known as Mount Kelly International Limited.
“Since PM Education was already in an insolvent position, the only responsible thing to do is wind up the operator and hand the matter to an independent liquidator for investigation and recovery of assets,” the statement said.
The situation prompted the Education Bureau to express its concern in a statement on Wednesday, and to note that it had repeatedly reminded the school to take good care of its students. It added that it was “following up in accordance with the prevailing mechanism”.
In an interview with the Post in June, Edward Wong Pak-yin, a co-founder of the school, said it would not continue to give PM Education the operational rights to Mount Kelly because of what he claimed was a “messy” job.
