TWO writs have been lodged in the High Court against Hwa Kay Thai executive chairman Wong Chong-shan by Tai Fook Finance Co. Tai Fook Finance filed a writ against Mr Wong, also known as Keeree Kanjanapas, and Billion Gold. A second writ has been launched against Mr Wong and Flying Elephant Investment Co. The writ involving Billion Gold claimed a written agreement for a loan between the company and Tai Fook Finance had been signed on January 29, last year. Mr Wong guaranteed the loan. As security for repayment of the loan, Billion Gold 'charged, by way of fixed charges, a total of 4,747,317 shares in Hwa Kay Thai' to the finance company, the writ said. 'As of January 25, 1998, the sum total of HK$13,785,388.84 was advanced to Billion Gold.' Trading of Hwa Kay Thai shares was suspended on January 15. On January 14, two letters from Tai Fook's solicitors were sent to Mr Wong and Billion Gold demanding repayment. The finance company is demanding repayment of the loan and interest at a rate of 3 per cent above prime. Tai Fook had, on November 10, 1995 provided a loan to Flying Elephant that was guaranteed by Mr Wong. As of January 11, the amount owed was HK$9,298,453, the writ said. For security, 67,742,231 shares in Hwa Kay Thai and 24.02 million Hwa Kay Thai warrants were provided by Flying Elephant. Tai Fook is seeking the repayment of the loan plus interest. Last week, Mr Wong and Siam Tiger were sued for US$40 million by Bangkok Bank.