Fung family settles row

THE daughter-in-law of Sir Yuet-keung Kan yesterday persuaded her uncles to sell the $360 million Che San Building which is at the centre of a family row.

Joyce Kan, 44, and her brothers had fallen out with their uncles over the 14-storey block in Central and a second $24 million property in Kennedy Town.

Both buildings were originally owned by her father Fung Kam-chung and his five brothers, who also ran the Che San stationery business.

But when Fung died in 1988, his share in the properties was divided among his widow Fung Young Shuit-po and their three children: Joyce, businessman Ian Fung, 40, and architect Joseph Fung, 44.

This week, Fung's family and the children of a second deceased brother asked High Court judge Mr Justice Mayo to order the sale of both buildings.

But the hearing came to an abrupt halt yesterday when the two sides decided to settle outside court.