Recovering small shareholdings is becoming very expensive and uneconomic.
In a recent case we have been able to have such small shareholdings donated to a local Hong Kong Children’s Charity, and so not all is lost.
We do however strongly advise that if your client has shares in Hong Kong Companies your client transfers them into a Broker’s Nominee System. The beneficiaries will then avoid all the probate costs and problems associated with Hong Kong shares on the death of your client.
If you require any assistance with cases like this don’t hesitate in contacting our expert team.