Overview
- A repossession notice on the Hay Street facade said the premises had been “lawfully re-entered and possession taken”, closing the bakery and restaurant that has traded in Sydney’s Chinatown since 1979.
- The Deputy Commissioner of Taxation filed an application to wind up Emperors Garden Pty Ltd and the Federal Court has listed a hearing for Friday, 7 August.
- Owners Stanley Yee and his son Valentine say they are seeking legal advice, will contest the repossession and are negotiating a payment arrangement with the ATO.
- The Hay Street site is held in split ownership between Hynsco Pty Ltd and M & S Yee, and a law firm listed on the repossession sign said it acted for one site owner but declined to comment.
- City of Sydney planners approved a $44.5 million proposal in May to add residential floors while keeping the shopfronts, and the repossession and winding-up action now cast uncertainty over whether and how that redevelopment will proceed.