Amax International Holdings to claw back HK$150 million promissory notes

Macau casino investor, Amax International Holdings, known for holding 30 percent interest in Greek Mythology (Macau) Entertainment Group Corporation Ltd, has announced it has issued a writ of summons claiming against a Ms. Lee Bing, according to a filing to the Hong Kong Stock Exchange.

According to the note, Lee Bing, who was a third party to the company during the acquisition of Greek Mythology in 2006, was mistakenly given HK$150 million in 10-year zero interest promissory notes.

“It recently came to the attention of the Company that the Promissory Notes was issued to Ms. Lee under a mistaken belief that the legal title of the Promissory Notes would be properly transferred to her.”

The board announced that on Mar. 18, the company issued a writ of summons in the Court of First Instance of the high court of Hong Kong claiming against Lee.