Chesterton’s Hong Kong affiliate said today that it is “completely unaffected” by the fact that its UK minority shareholder is in receivership.
Chesterton holds a 24% stake in Chesterton Petty, which operates in Hong Kong and mainland China.
The business is majority owned and managed by working company directors based in Hong Kong.
Gordon Moffoot, Chesterton Petty’s managing director, said: “It’s business as usual for us. Our minority shareholder’s situation will not affect in any way the high standard of service we provide to clients in Hong Kong and mainland China.”
References: EGi News 09/03/05
