Hong Kong's Cheng Family to Compensate Giordano Shareholders After Investigation

Hong Kong's Cheng family has agreed to pay up to HK$1.5 billion to shareholders of Giordano International, a clothing company, following an investigation by the city. Bloomberg posted on X, detailing the financial settlement reached after scrutiny of the company's operations. The agreement aims to resolve issues raised during the investigation, ensuring fair compensation for the shareholders involved. This development marks a significant financial move by the Cheng family, reflecting their commitment to addressing the concerns raised by the authorities. The settlement is expected to have implications for the company's future operations and shareholder relations.