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Louis Koo and production company sued for $19M over loan default

By PulseAugur Editorial · [1 sources] ·

Hong Kong film star Louis Koo and his production company, One Cool Film Production Limited, are being sued for over HK$149 million (US$19 million) by Sino Hero Ventures. The lawsuit alleges that Koo and his company failed to repay a HK$70 million loan extended in 2019. The loan's interest rate reportedly increased from 12% annually to 18% annually upon default, and despite repayment extensions until the end of 2022, only HK$13.9 million has been repaid since January of that year. AI

RANK_REASON Lawsuit against a celebrity and their company over a financial dispute.

Read on SCMP — Tech →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Louis Koo and production company sued for $19M over loan default

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Lawsuit against a celebrity and their company over a financial dispute.
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COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Brian Wong ·

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

    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-…

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