Stephen Chiau’s ex-girlfriend sues him for HK$80m
Prominent actor Stephen Chiau Sing-chi is being sued by former girlfriend, Alice Yu Man-fung, who is claiming HK$80 million in commission on a luxury Peak house which has yet to be sold.
For years, prominent comedian, actor and director Stephen Chiau Sing-chi benefited from the financial skills and advice of his then-girlfriend, Alice Yu Man-fung. In return, he paid her a salary plus millions of dollars in commissions.
Now she is suing him, claiming an HK$80 million commission on the “expected” sale price of a luxury house on The Peak – which has yet to be sold.
In a writ filed with the High Court on Monday, Yu said Chiau would not have been able to get into the highly lucrative deal – to redevelop the Skyhigh development on the Peak – without her assistance.
The claim involves one of four houses at 10 Pollock’s Path, The Peak, a joint venture by Chiau and Ryoden Development. The four luxurious houses have been redeveloped and three of them have been resold. The third dwelling, owned by Ryoden, went for a record HK$800 million in May last year.
The fourth house, owned by Chiau, has yet to be sold. But Yu is suing for a 10 per cent commission on the expectation that it will fetch the same eye-watering price of HK$800 million.
Yu claims she introduced Chiau to the high-flying deal when she learned from market sources, in 2004, that the distressed assets arm of Citibank would auction the property at 10 Pollock’s Path.