Unit of Hong Kong Fitness Chain Physical Ordered to Liquidate

A unit of Hong Kong gym chain Physical received a liquidation order in Hong Kong, the latest in a string of cases by creditors trying to recoup money from the local fitness firm.

Physical Health Centre (TST) Ltd., an arm of Physical Beauty & Fitness, hadn’t responded to a winding-up petition that had been filed against it and no representative of the company attended the liquidation hearing on Wednesday.

The legal representative of the petitioner, Link Properties Ltd., said the landlord filed the petition based on a tenancy agreement and asked the judge to wind up the company.

A Physical Fitness gym in Hong Kong.

Photographer: Lam Yik/Bloomberg