The sudden closure of 1880 Hong Kong, a private members club based out of Singapore, left members reeling, with one losing HK$38,000, paid out for a full-year membership just two months prior, while others have complained to Customs, alleging a violation of the Trade Descriptions Ordinance.
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The club, located in Quarry Bay’s Two Taikoo Place, operated for only seven months before shutting down last Friday due to “cash flow difficulties”. It has been accused of owing rent and wages to more than 100 employees, with some staff seeking help from the labour authorities.
Hong Kong Customs said in response to queries from the Post, that they have received complaints and are investigating. Enforcement action will be taken if any breaches of the Trade Descriptions Ordinance are found.
It added that it is an offence if a trader intends not to supply a product or has no reasonable grounds to believe they can supply it within a specified or reasonable period. Offenders could face a fine of HK$500,000 (US$63,760) and five years’ imprisonment upon conviction.
A marketing professional, who wished to remain anonymous, joined the club in late March for its co-working space and networking opportunities, paying HK$24,000 in joining fees and HK$14,000 for a full-year membership.
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“We found that [the membership] is helpful for business, especially on the networking part … they kept assuring us that they have already operated in Singapore for more than seven years and they are a reputable membership club,” she told the Post.