When a gunman shot a developer in Hong Kong and took four hostages, having ‘lost every penny’ on a Discovery Bay business venture

  • In 1979, a man shot and seriously wounded the head of the company developing Hong Kong’s Discovery Bay, then held a group of women hostage for five hours
  • The man was in a business dispute with the company, having ‘lost every penny’ he had put into a catering franchise, which had ‘upset the balance of his mind’

In 1979, a lone gunman in Hong Kong shot a property developer and terrorised four women hostages for five hours before he was talked into surrendering, handcuffed and taken away (above) by police. Photo: SCMP

“A lone gunman was talked into surrendering yesterday after terrorising four women hostages for five hours in a 26th floor Central office,” reported the South China Morning Post on August 1, 1979. “Minutes before the siege started at 10:30am, the 46-year-old man shot and seriously wounded the managing director of the Hongkong Resort Co Ltd, Mr Payson Cha.

“The ordeal for the women hostages ended after intense negotiations [ …] Police said the gunman – a caterer embroiled in a business dispute with the company – was lying in wait with a 6.35mm Beretta pistol outside Mr Cha’s office as he arrived for work.

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