Page One faces fresh lawsuit
Shuttered bookstore chain Page One faces a fresh lawsuit from a publishing group for allegedly failing to pay for HK$1.28 million (US$165,035) worth of books despite repeated demands.
The Singaporean company abruptly closed its final two outlets 10 days ago.
In a High Court writ, Cite (HK) Publishing Group says it had supplied and delivered books worth more than $1.28 million from before 2014, but Page One the Designer’s Bookshop (HK) had not responded to repeated demands for payment.
The supplier demands the bookstore settle the outstanding amount with interest, and pay for the costs of legal action.
This follows another book supplier, New Age Culture, filing a similar writ in the District Court last week, demanding Page One settle a $559,529.23 bill. It said it had received only $200,000.
Page One opened its first Hong Kong store in the 1990s, offering books, magazines and gifts. It closed its 18-year-old store in Times Square, Causeway Bay, last year, and has also lost all six of its airport outlets in recent years.