Following financial troubles, the final Page One bookstore outlets in Hong Kong have been closed.
Notices posted at the remaining branches in Festival Walk and Harbour City cited “stocktaking” as the reason for the abrupt closure, Apple Daily reports.
An additional note says two senior restructuring specialists from auditing firm KPMG have been given control of Page One’s assets as court-appointed receivers, according to the Hong Kong Free Press.
Two companies have submitted court bids to demand a total of HK$1.39 million (US$179,186 )  in unpaid fees from Page One in the past two months. In August, Hong Kong publisher Foreign Press told Apple Daily that overdue payments from Page One totalled HK$700,000.
Page One opened its first Hong Kong store in 1997, with seven of its outlets closing in recent years.