Hong Kong businessman seeks HK$3.65 million from firm of ‘father of concerts’ over shows by stars including Joey Yung and Sam Hui

Plaintiff says in writ that late Cheung Yiu-wing’s company failed to pay him after he collaborated in organising concerts

PUBLISHED : Monday, 07 August, 2017, 6:39pm
UPDATED : Tuesday, 08 August, 2017, 3:51pm

A Hong Kong businessman is suing the company founded by the city’s late “father of concerts” for unreturned investment costs and profits totalling more than HK$3.65 million related to shows staged by popular Asian singers, according to a court writ.

Tang Wai-yip claimed in a High Court writ filed by his lawyers on Friday that he had collaborated with “father of concerts” Cheung Yiu-wing’s Yiu Wing Entertainment Company to organise six concerts between 2013 and 2014.

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The overseas performers were J-pop boyband w-inds, K-pop group SHINee and Taiwan pop and folk singer Tsai Chin. The local acts were Canto-pop diva Joey Yung, Canto-pop godfather Sam Hui Koon-ki and rap group LMF.

Tang paid HK$5,100,942 as an investment, the writ said. In return Cheung’s company was responsible for procuring and liaising with the performers and passing on to the plaintiff details of revenue, cost and profit or loss for the concerts, it added.

The writ said Cheung’s company was tasked with engaging promoters, which would take Tang’s money as production costs. Following each gig, Cheung’s company was supposed to collect the production costs and profits from the promoters on behalf of Tang and return them to the businessman. They would split the profits or losses.

But the businessman, the writ alleged, had not received any money from Cheung’s liquidated company, despite the entertainment firm’s success in collecting money from the promoters. Tang argued those proceeds were only placed with Yiu Wing Entertainment on trust, and should be returned.

“It will be unconscionable for the company to retain the receivables and proceeds received from the promoters of the concerts for its own benefit, given the arrangements between the company and the plaintiff … and the fact that the payments were not paid by the company out of its own assets in the first place,” the writ said.

The writ asked the Court of First Instance to make a declaration that Tang’s money remained in trust with Cheung’s company and that inquiries should be permitted about transactions relating to the concerts. Tang is seeking at least HK$3.65 million.

Cheung died in March 2014 at the age of 82. He was the man behind more than 1,000 stage shows featuring the city’s most popular singers, including the late Leslie Cheung Kwok-wing and Anita Mui Yim-fong.

His company, formally known as Fine Elegant, went into liquidation five months after his death.