• Sun
  • Oct 19, 2014
  • Updated: 12:18am
NewsHong Kong

Carson Yeung's family win time to join fight against eviction on The Peak

PUBLISHED : Saturday, 20 October, 2012, 12:00am
UPDATED : Saturday, 20 October, 2012, 3:41am
 

The mother and wife of troubled businessman Carson Yeung Ka-shing have been given two weeks to file evidence as they seek to participate in a court case which could see them being evicted from their luxury home on The Peak.

Wing Hang Bank earlier issued a vacant possession order against Yeung, 51, the owner of English Championship soccer club Birmingham City, after he failed to make repayments on a HK$50 million mortgage loan that he secured against the house on Barker Road.

On June 4, Yeung was ordered to leave the house within 56 days. However, the order was put on hold after Yeung appealed.

Records show Yeung bought the 5,946 sq ft house for HK$146 million in 2005.

The women, who are living in the property and were identified as Madames Wang and Yung at a High Court hearing on the application yesterday, applied to participate in the case.

Yesterday, barrister Arthur Yip Chi-ho, representing the women, asked for time to file documents showing that Yeung had purchased the property with his own money. Lawyers for Yeung have said they could provide his team with these documents, Yip said at the hearing.

The possession order, Yip said, affected the women's interests and they were asserting their rights against the bank.

Registrar Lung Kim-wan gave them 14 days to file the material.

He also allowed the possession order to be put on hold.

Wang and Yung also applied through Yip to remove the order allowing the bank to take possession of the property. However, Yip withdrew that application yesterday after the registrar questioned if Yip's clients had the right to have it set aside.

The bank took legal action after Yeung's cheques to repay the loan he had taken out in 2010 bounced in May last year. The tycoon had secured the mortgage against The Peak home.

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