Hong Kong's housing authorities have dismissed online rumours about a government-established acquisition company created to purchase flats at fire-ravaged Wang Fuk Court. The Housing Bureau stated on Monday that the company is not an "empty shell" at risk of bankruptcy, as some online claims had suggested.
The authorities said the acquisition company has signed contracts with more than 550 flat owners at the affected building. This contractual progress demonstrates operational activity and commitment to the acquisition process, countering allegations that the entity lacks substance or financial viability.
Wang Fuk Court experienced a major fire that prompted the government to establish the acquisition company as a mechanism to purchase units from residents. The dismissal of online rumours appears aimed at maintaining public confidence in the government's response to the fire-affected residents and the acquisition initiative.
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