Listed company chairman ‘was target’ after Bentley limousine and three Mercedes-Benz splashed with red paint in Hong Kong luxury estate Falcon Lodge

Case has been classified as criminal damage and investigations are under way

PUBLISHED : Monday, 20 August, 2018, 3:28pm
UPDATED : Monday, 20 August, 2018, 10:48pm

A Bentley limousine and three Mercedes-Benz cars were splashed with red paint from plastic bags hurled into a luxury residents estate in Hong Kong on Monday in a criminal damage case that targeted a listed company chairman, the Post has learned.

Police were called in by a security guard shortly after 6.30am at Falcon, a compound with five homes along Perkins Road in Jardine’s Lookout.

Initial information indicated House B was the target of the attack, according to a law enforcement source.

The house was bought by Qantex Investments Limited, of which Bankee Kwan Pak-hoo is one of three directors, for HK$67 million in 2011. The two Mercedes-Benz cars were bought by the same company in 2013 and 2014.

About an hour after the attack, red paint was poured at the main gate of SKH Lam Woo Memorial Secondary School, the school Kwan attended in Kwai Chung.

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Kwan is chairman of Celestial Asia Securities Holding that also owns the city’s furniture and appliance chain Pricerite. He is also the former chairman of Hong Kong Retail Management Association.

The company strongly condemned the incident.

“We are not afraid and do not back down or compromise. We believe justice will be served and truth will prevail,” it said.