A securities trader has filed a High Court writ claiming a company representing a Hotung family trust owes him about $1.75 million. In the five-page writ filed yesterday, Eugene Chuang Yeu-chien said he became involved with the family of Jardine Matheson comprador Sir Robert Hotung - 'a very wealthy family in Hong Kong' - through Kevin Ho Yau-kwong, whom he met in Los Angeles in 1982. After returning to Hong Kong, Mr Chuang set up a successful securities business in 1991, the writ says. In 1991 or 1992 Mr Chuang entered into an oral agreement with Mr Ho, who was the sole beneficiary of the family's trust, for trading in shares listed on the Hong Kong Stock Exchange. The money was transferred to Mr Chuang through Sunshine International Limited, which also held the money as security. The shares were traded between November 1992 and October 1996. The writ says a profit of $14.2 million was made and that Mr Chuang was owed $6.66 million under the agreement. The trust paid Mr Chuang $4.9 million on June 21, 1996. Almost $1.75 million is still unsettled and unpaid, it says. When Mr Chuang approached Mr Ho over the repayment, he was told he could not withdraw money from the trust until he gave up his American citizenship, the writ says. Mr Ho ceased to be an American citizen in January 2000, but despite repeated requests Sunshine International has failed to repay the outstanding monies, the writ says.