High Court declares Stephen Shiu Junior bankrupt

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Stephen Shiu Junior

23rd April 2024 – (Hong Kong) Stephen Shiu Junior, the son of well-known Taiwan-based media figure Stephen Shiu, was declared bankrupt by a High Court judge today. This ruling follows a petition for bankruptcy filed last year by Al Global Investment SPC, representing AI Investment Fund S.P.

Shiu, a businessman with previous involvement in the entertainment and digital sectors, failed to appear in court and did not send legal representation. The court’s decision was made in response to the petitioner’s request, although the specific details of Shiu’s debts were not disclosed during the proceedings.

Additionally, Shiu’s company, HMV Digital China Group Limited, previously known as China Creative Digital Entertainment Limited, was ordered into liquidation in May of the previous year. At that time, it was revealed that the company owed its major creditors approximately HK$1 billion.