Swimmer seeks to bar sale of family assets

PUBLISHED : Thursday, 24 January, 2008, 12:00am
UPDATED : Thursday, 24 January, 2008, 12:00am
 

A former swimming 'butterfly queen' has sought a High Court order to stop her stepmother from selling HK$270 million in family assets.

Katie Lau King-ting, 28, asked the High Court yesterday to bar Stella Cheng Miu-har from liquidating three companies and selling the assets, which included 11 properties. The properties included shops, offices and Ms Lau's home.

Ms Lau helped the Hong Kong team win a silver medal in the 4x100m freestyle relay at the 1994 Asian Games and still holds local records in the butterfly.

Ms Lau filed a writ against Ms Cheng in May, claiming she and her younger brother had full ownership of the properties.

The plaintiff's lawyer, Edward Chan King-sang SC, said the family's deed of trusts showed the siblings each held half of the shares of the three companies, which owned the 11 properties.

But the defendant's counsel, Benjamin Yu SC, claimed that their deed was forged, raising doubts about its typeface. He also said Ms Lau's father, Edmund Lau Pak-chai, had retyped parts of the deed.

Mr Yu then read letters written by Edmund Lau, which showed that he wanted all his assets to go to his wife.

Mr Yu argued that the plaintiff had no interest in the assets except as shareholders in the companies.

Ms Cheng had transferred the properties to a separate company, the court heard.

The case was adjourned to today.

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