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First Natural Foods was first listed on the main board of the Hong Kong Stock Exchange on 11 February 2002. It was principally involved most aspects of the food business, including [[frozen food|frozen]] and [[functional food|functional]] food products. Trading for the group was suspended on 15 December 2008 and [[provisional liquidator]]s were appointed on 7 January 2009 for restructuring. The liquidators were discharged on 4 September 2012 and trade sharing resumed the following day.[{{cite web |url=https://www.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=13PR37 |title=SFC seeks court orders against founder and former chairman of First Natural Foods |publisher=[[Securities and Futures Commission]] |date=24 April 2013 |accessdate=6 May 2016 |archive-url=https://web.archive.org/web/20160508142307/https://www.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=13PR37 |archive-date=8 May 2016 |url-status=live }}] |
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First Natural Foods was first listed on the main board of the [[Hong Kong Stock Exchange]] on 11 February 2002. It was principally involved most aspects of the food business, including [[frozen food|frozen]] and [[functional food|functional]] food products. Trading for the group was suspended on 15 December 2008 and [[provisional liquidator]]s were appointed on 7 January 2009 for restructuring. The liquidators were discharged on 4 September 2012 and trade sharing resumed the following day.[{{cite web |url=https://www.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=13PR37 |title=SFC seeks court orders against founder and former chairman of First Natural Foods |publisher=[[Securities and Futures Commission]] |date=24 April 2013 |accessdate=6 May 2016 |archive-url=https://web.archive.org/web/20160508142307/https://www.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=13PR37 |archive-date=8 May 2016 |url-status=live }}] |
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In 2013, the [[Securities and Futures Commission]] (SFC) took the company's founder and former chairman Yeung Chung-lung to court for alleged embezzlement. The SFC accused him of withdrawing HK$84 million from its account in December 2008.[{{cite news |last=Li |first=Kanis |url=https://www.scmp.com/business/companies/article/1222446/sfc-takes-first-natural-foods-founder-court-over-hk84m |title=SFC takes First Natural Foods founder to court over HK$84m embezzlement claim |work=South China Morning Post |date=25 April 2013 |accessdate=16 November 2018 |archive-url=https://web.archive.org/web/20181117114616/https://www.scmp.com/business/companies/article/1222446/sfc-takes-first-natural-foods-founder-court-over-hk84m |archive-date=17 November 2018 |url-status=live }}] |
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In 2013, the [[Securities and Futures Commission]] (SFC) took the company's founder and former chairman Yeung Chung-lung to court for alleged [[embezzlement]]. The SFC accused him of withdrawing HK$84 million from its account in December 2008.[{{cite news |last=Li |first=Kanis |url=https://www.scmp.com/business/companies/article/1222446/sfc-takes-first-natural-foods-founder-court-over-hk84m |title=SFC takes First Natural Foods founder to court over HK$84m embezzlement claim |work=South China Morning Post |date=25 April 2013 |accessdate=16 November 2018 |archive-url=https://web.archive.org/web/20181117114616/https://www.scmp.com/business/companies/article/1222446/sfc-takes-first-natural-foods-founder-court-over-hk84m |archive-date=17 November 2018 |url-status=live }}] |
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In December 2013, First Natural Foods announced that it would buy the [[Macau]]-based junket operator Hengsheng for HK$400 million.[{{cite web |url=http://agbrief.com/news/first-natural-foods-buy-hengsheng-hk400-mln |title=First Natural Foods to buy Hengsheng for HK$400 Mln |work=Asian Gaming Brief |accessdate=6 May 2016 |archive-url=https://web.archive.org/web/20160603165636/http://agbrief.com/news/first-natural-foods-buy-hengsheng-hk400-mln |archive-date=3 June 2016 |url-status=dead }}] In 2013, First Natural Foods reported a profit of only 1.25 million.[{{cite news|last1=Wei|first1=Daniela|last2=Campbell|first2=Matthew|title=Big Money, Big Questions at Trump Protege's Remote Casino|url=https://www.bloomberg.com/news/features/2016-11-13/obscure-casino-run-by-a-trump-protege-is-raising-big-questions|accessdate=14 November 2016|work=[[Bloomberg News]]|date=13 November 2016|archive-url=https://web.archive.org/web/20161113220648/http://www.bloomberg.com/news/features/2016-11-13/obscure-casino-run-by-a-trump-protege-is-raising-big-questions|archive-date=13 November 2016|url-status=live}}] In March 2016, Imperial Pacific announced that it would sell its non-gaming subsidiaries to focus on its gaming businesses.[{{cite web |last=Morrison |first=K. |url=https://news.worldcasinodirectory.com/non-gaming-business-of-imperial-pacific-dropped-to-focus-on-saipan-25138 |title=Non-gaming business of Imperial Pacific dropped to focus on Saipan |date=3 April 2016 |work=World Casino News |accessdate=25 April 2016 |archive-url=https://web.archive.org/web/20160415045501/https://news.worldcasinodirectory.com/non-gaming-business-of-imperial-pacific-dropped-to-focus-on-saipan-25138 |archive-date=15 April 2016 |url-status=live }}] In August 2016, Imperial Pacific reported that it had a half-year net profit of HK$837.3 million (US$108 million).[{{cite news |last1=Coleman |first1=Zach |title=Small Saipan casino catches up with Macau peers |url=http://asia.nikkei.com/Business/Companies/Small-Saipan-casino-catches-up-with-Macau-peers |work=Nikkei Asian Review |publisher=Nikkei |accessdate=1 September 2016 |date=23 August 2016 |archive-url=https://web.archive.org/web/20160901112426/http://asia.nikkei.com/Business/Companies/Small-Saipan-casino-catches-up-with-Macau-peers |archive-date=1 September 2016 |url-status=live }}] Imperial Pacific was [[first inauguration of Donald Trump|Trump 2017 inaugural]] Gala sponsor.[{{cite web |author=Lulu Ramadan |date=April 13, 2019 |title=Undisclosed cash flowed at Trump inaugural ball with ties to China, embattled Saipan casino |url=https://www.palmbeachpost.com/news/20190412/undisclosed-cash-flowed-at-trump-inaugural-ball-with-ties-to-china-embattled-saipan-casino |url-status=live |archive-url=https://web.archive.org/web/20200408030446/https://www.palmbeachpost.com/news/20190412/undisclosed-cash-flowed-at-trump-inaugural-ball-with-ties-to-china-embattled-saipan-casino |archive-date=8 April 2020 |access-date=April 15, 2019 |website=[[The Palm Beach Post]] |publisher= |quote=}}] |
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In December 2013, First Natural Foods announced that it would buy the [[Macau]]-based junket operator Hengsheng for HK$400 million.[{{cite web |url=http://agbrief.com/news/first-natural-foods-buy-hengsheng-hk400-mln |title=First Natural Foods to buy Hengsheng for HK$400 Mln |work=Asian Gaming Brief |accessdate=6 May 2016 |archive-url=https://web.archive.org/web/20160603165636/http://agbrief.com/news/first-natural-foods-buy-hengsheng-hk400-mln |archive-date=3 June 2016 |url-status=dead }}] In 2013, First Natural Foods reported a profit of only 1.25 million.[{{cite news|last1=Wei|first1=Daniela|last2=Campbell|first2=Matthew|title=Big Money, Big Questions at Trump Protege's Remote Casino|url=https://www.bloomberg.com/news/features/2016-11-13/obscure-casino-run-by-a-trump-protege-is-raising-big-questions|accessdate=14 November 2016|work=[[Bloomberg News]]|date=13 November 2016|archive-url=https://web.archive.org/web/20161113220648/http://www.bloomberg.com/news/features/2016-11-13/obscure-casino-run-by-a-trump-protege-is-raising-big-questions|archive-date=13 November 2016|url-status=live}}] In March 2016, Imperial Pacific announced that it would sell its non-gaming subsidiaries to focus on its gaming businesses.[{{cite web |last=Morrison |first=K. |url=https://news.worldcasinodirectory.com/non-gaming-business-of-imperial-pacific-dropped-to-focus-on-saipan-25138 |title=Non-gaming business of Imperial Pacific dropped to focus on Saipan |date=3 April 2016 |work=World Casino News |accessdate=25 April 2016 |archive-url=https://web.archive.org/web/20160415045501/https://news.worldcasinodirectory.com/non-gaming-business-of-imperial-pacific-dropped-to-focus-on-saipan-25138 |archive-date=15 April 2016 |url-status=live }}] In August 2016, Imperial Pacific reported that it had a half-year net profit of HK$837.3 million (US$108 million).[{{cite news |last1=Coleman |first1=Zach |title=Small Saipan casino catches up with Macau peers |url=http://asia.nikkei.com/Business/Companies/Small-Saipan-casino-catches-up-with-Macau-peers |work=Nikkei Asian Review |publisher=Nikkei |accessdate=1 September 2016 |date=23 August 2016 |archive-url=https://web.archive.org/web/20160901112426/http://asia.nikkei.com/Business/Companies/Small-Saipan-casino-catches-up-with-Macau-peers |archive-date=1 September 2016 |url-status=live }}] Imperial Pacific was [[first inauguration of Donald Trump|Trump 2017 inaugural]] Gala sponsor.[{{cite web |author=Lulu Ramadan |date=April 13, 2019 |title=Undisclosed cash flowed at Trump inaugural ball with ties to China, embattled Saipan casino |url=https://www.palmbeachpost.com/news/20190412/undisclosed-cash-flowed-at-trump-inaugural-ball-with-ties-to-china-embattled-saipan-casino |url-status=live |archive-url=https://web.archive.org/web/20200408030446/https://www.palmbeachpost.com/news/20190412/undisclosed-cash-flowed-at-trump-inaugural-ball-with-ties-to-china-embattled-saipan-casino |archive-date=8 April 2020 |access-date=April 15, 2019 |website=[[The Palm Beach Post]] |publisher= |quote=}}] |
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In 2017, the [[Federal Bureau of Investigation]] (FBI) raided the construction site of Imperial Pacific's casino in Saipan over a "federal violation of the workplace visa system" following the death of a construction worker in March 2017.[{{Cite news |last=Campbell |first=Matthew |date=March 30, 2017 |title=FBI Visits Office of Saipan Casino Run by Trump Protege |work=Bloomberg News |url=https://www.bloomberg.com/news/articles/2017-03-30/fbi-agents-visit-office-of-saipan-casino-run-by-trump-protege |url-status=live |access-date=July 4, 2020 |archive-url=https://web.archive.org/web/20190327065305/https://www.bloomberg.com/news/articles/2017-03-30/fbi-agents-visit-office-of-saipan-casino-run-by-trump-protege |archive-date=March 27, 2019}}][{{Cite news |last=Campbell |first=Matthew |last2=Farrell |first2=Greg |date=April 1, 2017 |title=FBI Makes Arrest Related to Saipan Casino Construction |work=Bloomberg News |url=https://www.bloomberg.com/news/articles/2017-04-01/fbi-makes-arrest-in-connection-with-saipan-casino-construction |url-status=live |access-date=July 3, 2020 |archive-url=https://web.archive.org/web/20170403121450/https://www.bloomberg.com/news/articles/2017-04-01/fbi-makes-arrest-in-connection-with-saipan-casino-construction |archive-date=April 3, 2017}}][{{Cite news |last=Campbell |first=Matthew |date=February 15, 2018 |title=A Chinese Casino Has Conquered a Piece of America |work=Bloomberg Businessweek |url=https://www.bloomberg.com/news/features/2018-02-15/a-chinese-company-has-conquered-a-piece-of-america |url-status=live |access-date=July 3, 2020 |archive-url=https://archive.today/20180216203807/https://www.bloomberg.com/news/features/2018-02-15/a-chinese-company-has-conquered-a-piece-of-america |archive-date=February 16, 2018}}] Construction workers from a subsidiary of state-owned [[China Metallurgical Group Corporation]] were unlawfully employed on the island to build the casino.[{{Cite news |last=Campbell |first=Matthew |last2=Wei |first2=Daniela |date=April 10, 2017 |title=Human Smuggling, Money Laundering Probes Surround Saipan Casino |work=Bloomberg News |url=https://www.bloomberg.com/news/articles/2017-04-10/human-smuggling-money-laundering-probes-surround-saipan-casino |url-status=live |access-date=July 3, 2020 |archive-url=https://web.archive.org/web/20191008180449/https://www.bloomberg.com/news/articles/2017-04-10/human-smuggling-money-laundering-probes-surround-saipan-casino |archive-date=October 8, 2019}}] In April 2017, [[Bloomberg News]] reported that the [[United States Department of Justice]] was investigating Imperial Pacific for money laundering.[{{Cite news |last=Campbell |first=Matthew |last2=Ha |first2=K Oanh |date=March 14, 2018 |title=Saipan Casino Operator Raided by U.S. Agents |work=Bloomberg News |url=https://www.bloomberg.com/news/articles/2018-03-14/saipan-casino-operator-is-said-to-be-raided-by-u-s-agents |url-status=live |access-date=July 3, 2020 |archive-url=https://archive.today/20180315001525/https://www.bloomberg.com/news/articles/2018-03-14/saipan-casino-operator-is-said-to-be-raided-by-u-s-agents |archive-date=March 15, 2018}}] |
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In 2017, the [[Federal Bureau of Investigation]] (FBI) raided the construction site of Imperial Pacific's casino in Saipan over a "federal violation of the workplace visa system" following the death of a construction worker in March 2017.[{{Cite news |last=Campbell |first=Matthew |date=March 30, 2017 |title=FBI Visits Office of Saipan Casino Run by Trump Protege |work=Bloomberg News |url=https://www.bloomberg.com/news/articles/2017-03-30/fbi-agents-visit-office-of-saipan-casino-run-by-trump-protege |url-status=live |access-date=July 4, 2020 |archive-url=https://web.archive.org/web/20190327065305/https://www.bloomberg.com/news/articles/2017-03-30/fbi-agents-visit-office-of-saipan-casino-run-by-trump-protege |archive-date=March 27, 2019}}][{{Cite news |last=Campbell |first=Matthew |last2=Farrell |first2=Greg |date=April 1, 2017 |title=FBI Makes Arrest Related to Saipan Casino Construction |work=Bloomberg News |url=https://www.bloomberg.com/news/articles/2017-04-01/fbi-makes-arrest-in-connection-with-saipan-casino-construction |url-status=live |access-date=July 3, 2020 |archive-url=https://web.archive.org/web/20170403121450/https://www.bloomberg.com/news/articles/2017-04-01/fbi-makes-arrest-in-connection-with-saipan-casino-construction |archive-date=April 3, 2017}}][{{Cite news |last=Campbell |first=Matthew |date=February 15, 2018 |title=A Chinese Casino Has Conquered a Piece of America |work=Bloomberg Businessweek |url=https://www.bloomberg.com/news/features/2018-02-15/a-chinese-company-has-conquered-a-piece-of-america |url-status=live |access-date=July 3, 2020 |archive-url=https://archive.today/20180216203807/https://www.bloomberg.com/news/features/2018-02-15/a-chinese-company-has-conquered-a-piece-of-america |archive-date=February 16, 2018}}] Construction workers from a subsidiary of state-owned [[China Metallurgical Group Corporation]] were unlawfully employed on the island to build the casino.[{{Cite news |last=Campbell |first=Matthew |last2=Wei |first2=Daniela |date=April 10, 2017 |title=Human Smuggling, Money Laundering Probes Surround Saipan Casino |work=Bloomberg News |url=https://www.bloomberg.com/news/articles/2017-04-10/human-smuggling-money-laundering-probes-surround-saipan-casino |url-status=live |access-date=July 3, 2020 |archive-url=https://web.archive.org/web/20191008180449/https://www.bloomberg.com/news/articles/2017-04-10/human-smuggling-money-laundering-probes-surround-saipan-casino |archive-date=October 8, 2019}}] In April 2017, [[Bloomberg News]] reported that the [[United States Department of Justice]] was investigating Imperial Pacific for [[money laundering]].[{{Cite news |last=Campbell |first=Matthew |last2=Ha |first2=K Oanh |date=March 14, 2018 |title=Saipan Casino Operator Raided by U.S. Agents |work=Bloomberg News |url=https://www.bloomberg.com/news/articles/2018-03-14/saipan-casino-operator-is-said-to-be-raided-by-u-s-agents |url-status=live |access-date=July 3, 2020 |archive-url=https://archive.today/20180315001525/https://www.bloomberg.com/news/articles/2018-03-14/saipan-casino-operator-is-said-to-be-raided-by-u-s-agents |archive-date=March 15, 2018}}] |
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In April 2019, the [[United States Department of Labor]] secured a $3.3 million judgment against Imperial Pacific for wage and overtime violations.[{{Cite news |date=April 27, 2019 |title=USDOL secures $3.3M judgment against casino developer |work=The Guam Daily Post |url=https://www.postguam.com/news/cnmi/usdol-secures-m-judgment-against-casino-developer/article_b93b96f8-67ec-11e9-bef2-cfc3b41185cd.html |url-status=live |access-date=July 4, 2020 |archive-url=https://web.archive.org/web/20190703074252/https://www.postguam.com/news/cnmi/usdol-secures-m-judgment-against-casino-developer/article_b93b96f8-67ec-11e9-bef2-cfc3b41185cd.html |archive-date=July 3, 2019}}] In September 2019, the [[Equal Employment Opportunity Commission]] filed a lawsuit against Imperial Pacific for sexual harassment and discrimination.[{{Cite news |last=De La Torre |first=Ferdie |date=September 25, 2019 |title=EEOC files suit vs IPI for sexual harassment, sex discrimination |work=Saipan Tribune |url=https://www.saipantribune.com/index.php/eeoc-files-suit-vs-ipi-for-sexual-harassment-sex-discrimination/ |url-status=live |access-date=July 4, 2020 |archive-url=https://web.archive.org/web/20191211200934/https://www.saipantribune.com/index.php/eeoc-files-suit-vs-ipi-for-sexual-harassment-sex-discrimination/ |archive-date=December 11, 2019}}] |
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In April 2019, the [[United States Department of Labor]] secured a $3.3 million judgment against Imperial Pacific for wage and overtime violations.[{{Cite news |date=April 27, 2019 |title=USDOL secures $3.3M judgment against casino developer |work=The Guam Daily Post |url=https://www.postguam.com/news/cnmi/usdol-secures-m-judgment-against-casino-developer/article_b93b96f8-67ec-11e9-bef2-cfc3b41185cd.html |url-status=live |access-date=July 4, 2020 |archive-url=https://web.archive.org/web/20190703074252/https://www.postguam.com/news/cnmi/usdol-secures-m-judgment-against-casino-developer/article_b93b96f8-67ec-11e9-bef2-cfc3b41185cd.html |archive-date=July 3, 2019}}] In September 2019, the [[Equal Employment Opportunity Commission]] filed a lawsuit against Imperial Pacific for sexual harassment and discrimination.[{{Cite news |last=De La Torre |first=Ferdie |date=September 25, 2019 |title=EEOC files suit vs IPI for sexual harassment, sex discrimination |work=Saipan Tribune |url=https://www.saipantribune.com/index.php/eeoc-files-suit-vs-ipi-for-sexual-harassment-sex-discrimination/ |url-status=live |access-date=July 4, 2020 |archive-url=https://web.archive.org/web/20191211200934/https://www.saipantribune.com/index.php/eeoc-files-suit-vs-ipi-for-sexual-harassment-sex-discrimination/ |archive-date=December 11, 2019}}] |
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