HONG KONG – Hong Kong actor Louis Koo is facing a lawsuit from his business partner over an alleged failure to repay a HK$8.3 million (S$1.43 million) loan from nearly a decade ago. According to South China Morning Post, court documents reveal that Koo and Hong Kong...
Hong Kong actor Louis Koo faces a lawsuit from his business partner over an alleged failure to repay a $1.43 million loan from nearly a decade ago. HONG KONG – Hong Kong actor Louis Koo is facing a lawsuit from his business partner over an alleged failure to repay a HK$8.3 million loan from nearly a decade ago.
Dong, chairman of entertainment group Sunny Side Up Culture, was said to have lent Koo HK$8.3 million interest-free, with the expectation of repayment within five years.In 2014, Koo and Dong decided to invest in the company that operates Ming Kitchen restaurant at Moreton Terrace in Causeway Bay. South China Morning Post reported that Dong’s legal team is not only seeking the repayment of the HK$8.3 million, but is also demanding a judicial declaration that Koo’s shares in Product Power and Wealthford International be held “on trust in favour of Dong”, compelling Koo to transfer these shares to Dong upon request.
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