Louis Koo Responds to HK$610 Million Claim: Plaintiff Company Dissolved and Unreachable for Three Years

Louis Koo’s One Cool Group has pushed back against a HK$149 million claim, saying the company bringing the lawsuit had disappeared from the corporate register and remained unreachable for nearly three years.

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The plaintiff’s account of the case is incomplete, particularly because it did not disclose that it had been struck off the company register and dissolved for nearly three years, during which we were unable to contact its authorized representative.

Sino Hero Ventures Limited, a company registered in the British Virgin Islands, sued One Cool Film Production and its founder over a loan dispute. According to reports in Hong Kong media, the parties signed a loan agreement on September 6, 2019. Sino Hero allegedly lent HK$70 million to Koo and One Cool, with repayment due on September 17 the following year, plus interest.

One Cool said it had made repayments over time but had not cleared the full amount, prompting the lawsuit. In a statement posted on Weibo on the 4th, the company said the plaintiff had not fully disclosed the fact that it had been struck off the company register and dissolved for nearly three years. During that period, One Cool said, it could not contact the person authorized to represent the plaintiff.

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Moreover, the plaintiff made disclosures in the case that violated the principle of no damage and were subject to contractual restrictions. Our company reserves the right to pursue the matter.

The company also accused the plaintiff of making disclosures that violated the principle of no damage and its contractual obligations. One Cool said it reserved the right to pursue the matter and would deal with it seriously alongside its lawyers. Because the case has entered judicial proceedings, the company said it was not in a position to comment further.

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We will handle this matter seriously with our lawyers.