Victory City eyes action

Victory City International Holdings said it is considering legal action against the Sing Tao Daily, owned by Sally Aw Sian's Sing Tao Holdings. The Sing Tao Daily reported that Victory City was served with a writ by Sanwa Finance Hong Kong for the recovery of $730,000 and interest, damages for breaching a leasing agreement for a Ferrari sports car. However, Victory City said it was not the party named in the writ.