appConfigEntityId

bodyType

customContents

entityId

entityUuid

isVideo

articlePageQuery

article

articleSchemaContent

content

hooksArticlePageAdvertisementConfigArticle

hooksArticlePageFloatingButtonConfigArticle

appConfig

filter

json

liveArticle

Brian Wong

Hong Kong film actor and director Louis Koo Tin-lok and his production company have been sued for more than HK$149 million (US$19 million) for allegedly failing to repay a loan from an offshore firm seven years ago.
The latest lawsuit compounded the legal troubles of the 55-year-old artist, who was sued by a business partner two years ago for allegedly defaulting on the repayment of a HK$8.3 million loan related to a fashion joint venture.
Sino Hero Ventures, a company registered in the British Virgin Islands, a reputed tax haven, initiated civil proceedings in the High Court on Wednesday accusing Koo and One Cool Film Production of failing to repay a HK$70 million loan the plaintiff extended on September 6, 2019.
Koo played a leading role in the 2024 blockbuster martial arts film, Twilight of the Warriors: Walled In, which has rekindled public interest in the Kowloon Walled City.
According to the writ, seen by the South China Morning Post on Thursday, the interest under the terms of the loan accrued at a monthly rate of 1 per cent, or 12 per cent per annum, and rose to 1.5 per cent per month, or 18 per cent per annually, in the event of a default in repayment.
The due date of repayment had been extended twice until the end of 2022, but the defendants had only repaid HK$13.9 million since January that year, the writ said.
The plaintiff assessed the total outstanding amount as HK$149.4 million as of August 27, adding that default interest would continue to accumulate until full payment or the court’s final determination of the case.

Koo, one of Hong Kong’s most recognisable home-grown film icons, has appeared in more than 110 local productions after rising to fame as a television star in the late 1990s.
He won best actor trophies in both the Hong Kong Film Awards and Asian Film Awards in 2018 for his performance in the action thriller Paradox. He was also recognised abroad last year, winning the Extraordinary Star Asia Award at the New York Asian Film Festival.


High Court discharges jury in Abby Choi murder trial over sick juror, causing delay

Hong Kong teacher jailed for 3 years for molesting pupil during free tutoring

Hong Kong’s IOMed poised to play key role in resolving Greater Bay Area disputes

Hong Kong model Abby Choi’s former relatives admit body disposal, deny murder

Hong Kong courts

Louis Koo, his production house sued for HK$149 million over failed loan repayment

Hong Kong actor Louis Koo accepts the Best Actor trophy for his performance in Paradox at the 2018 Hong Kong Film Awards. Photo: K.Y. Cheng

Louis Koo as the gang boss Cyclone in the 2024 action blockbuster Twilight of the Warriors: Walled In. Photo: Entertaining Power Co Limited

3 women charged with fighting in Hong Kong mall granted bail, banned from venue

Leung Lai-ha adjusts her cap over her head as she leaves leave Kwun Tong Court with her daughter, Ng Ka-wun, on Thursday. Photo: Edmond So

Xu Yang (right) leaves Kwun Tong Court on Thursday. Photo: Edmond So

Couple who survived Tai Po fire await trial for fraud, cannot leave Hong Kong

Jason Kong leaves Sha Tin Court over allegations of fraud and money laundering. Photo: Sun Yeung

Jason Kong and Rosanna Cheung, both in their 60s, are former residents of Wang Fuk Court, the residential estate that was devastated in a catastrophic fire last November. Photo: Sun Yeung

News

Hong Kong

Law and Crime

Sino Hero Ventures accuses Hong Kong film star and his company, One Cool Film Production, of failing to repay HK$70 million borrowed in 2019


Sino Hero Ventures accuses Hong Kong film star and his company, One Cool Film Production, of failing to repay HK$70 million borrowed in 2019.


Louis Koo Tin-lok

China

Louis Koo, his production house sued for HK$149 million over failed loan repayment

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Sino Hero Ventures accuses Hong Kong film star and his company, One Cool Film Production, of failing to repay HK$70 million borrowed in 2019

Sino Hero Ventures accuses Hong Kong film star and his company, One Cool Film Production, of failing to repay HK$70 million borrowed in 2019