No decision yet on sale of HBC leases to Ruby Liu, judge says

B.C. billionaire Ruby Liu leaving court in Toronto on June 2. Photo by Nathan Denette/The Canadian Press files

Hudson’s Bay’s bid to complete the sale of 25 leases to British Columbia-based billionaire Ruby Liu for about $69 million remained uncertain Friday after an Ontario judge decided to reserve his decision following two days of court hearings.

Justice Peter Osborne of the Ontario Superior Court of Justice, listened to various parties on Thursday and Friday including lawyers representing Liu, HBC and several landowners against the sale of the leases to the Vancouver-based billionaire.

“Needless to say, I’m going to reserve my decision,” Osborne said. “You have given me a few things to think about.”

HBC, Canada’s oldest retailer, which filed for bankruptcy protection under the Co