Koo hit by $37m demand in yet another lawsuit

Eunice Lam

Actor-singer Louis Koo Tin-lok's film company has been sued by film producer Alex Dong Choi-chi over a disputed acquisition of a Kwun Tong industrial building flat a decade ago.

In the writ filed with the high court on January 28, Dong said he had contributed HK$37 million in 2014 in assisting Koo's One Cool Property to acquire the first floor of Milkyway Building in Kwun Tong for HK$58 million.

Koo, on behalf of One Cool Property, had represented to Dong that an interest proportionate to his contribution would be held in trust for him by the company. One Cool Property signed a provisional sale and purchase agreement on March 17 that year, with Dong transferring HK$37 million between March and April 2014.

Dong asked the court to either declare One Cool Property holds his interest in trust or order it to repay HK$37 million.

Koo's mother Lee Yee-man was reportedly listed as director of One Cool Property.

It is not the first time Dong has sued his business partner Koo.

In June, he sued the 54-year-old Koo, claiming the latter had failed to repay an HK$8.3 million loan arising from a fashion joint venture in 2013.