Bad news for Hong Kong star Louis Koo (古天樂) because it seems he has found himself in some legal trouble. Recently, a former business partner filed a lawsuit against the actor for allegedly failing to repay millions since 2014.
The man taking Louis to court is Alex Dong (唐指古), a Hong Kong producer and the chairman of Sunny Side Up Culture Holdings Limited. According to reports, Alex and Louis had jointly signed a HK$24.9 million (approximately RM15 million) investment in Eyeteam Limited, a fashion distribution company, in 2014. Louis initially funded the investment but required an additional HK$8.3 million (approximately RM5 million) of capital.
Alex claims that he lent the money to Louis without interest to complete the investment, believing the actor would repay him within five years. However, the producer alleges that the 54-year-old failed to return any of the money lent since July 2018. In addition to the Eyeteam investment, the pair had another joint investment in a Chinese restaurant in the Hong Kong Causeway Bay.
The legal documents reveal that Alex had paid over HK$4.5 million (approximately RM2.7 million) for half of the investment, which is 70% in restaurant shares. Louis’ company, Cool Label Limited, allegedly holds half of the shares for Alex in the form of a trust. In his civil claim, the producer had asked the High Court to order Louis and Cool Label Limited to transfer half of their share held in trust for the producer and share a full account of the company’s finances.
As of writing, Louis and his company have yet to respond to claims. However, we hope that the actor and Alex can amicably settle this.
Sources: HK01
