A powerful businessman linked to the entertainment industry escaped serious injury in an apparent ambush by two men in Hunghom yesterday afternoon. Wallace Cheung Kwok-chung, 54, president of talent management firm Impact Entertainment - which has represented singers Alan Tam Wing-lun and Hacken Lee - suffered minor injuries to the right side of his chest and left elbow when the two men armed with cutters attacked him about 3pm. The victim was waiting for a lift in the second-floor lobby at Gem Star Tower, Man Lok Street, after parking his car, according to police. He was returning to his office. Police said the two attackers stood beside the victim in the lift lobby before drawing cutters and moving in on Mr Cheung. One of the suspects was described as being dressed in sports clothing and a black cap. The injured man managed to flee and went to St Teresa's Hospital in Argyle Street, Kowloon City, to seek medical treatment. He was transferred to Queen Elizabeth Hospital where a report was made to police about 4.30pm. He was later discharged following treatment. A police investigator said that he believed the attack was a 'warning' rather than an attempt to kill Mr Cheung, because of the choice of weapons involved. Last night, detectives from Kowloon City district crime squad launched an investigation into the attack and an attempt to trace the perpetrators. So far, no arrests have been made. A female staff member of Impact Entertainment last night refused to comment on the attack.