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| Koo is being sued by his business partner for HK$8.3 million |
Earlier I wondered why actor Louis Koo Tin-lok was hired as the face to help rehabilitate the Hong Kong taxi industry, and now we may know why.
A few days ago it was reported that Koo is being sued by his business partner for allegedly failing to repay a HK$8.3 million (US$1.1 million) loan from a fashion joint venture a decade ago.
Film producer, investor and chairman of entertainment group Sunny Side Up Culture Alex Dong Choi-chi also asked the High Court to order the 53-year-old to surrender half of the stakes in an offshore company investing in a Chinese restaurant in Causeway Bay.
In a business deal gone sour, Koo didn't have enough money to pay his shares of the HK$16.6 million invested at the time so Dong loaned him HK$8.3 million interest-free to be repayable within five years, but according to the writ, none of it has been repaid.
No word from Koo yet, but perhaps we can assume he'll be working in the next few months?!
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