Rehabilitate Deng Yaosheng, the son of "Pop King Deng Chengbo"!
Deng ChengboThe family-owned company sufferedDade LeungThe lawsuit was filed to recover more than 7.9 million yuan with principal and interest.
The Sai Kung CENTRO shopping mall owned by the Deng Chengbo family defaulted on mortgages, and the finance company filed a lawsuit with the High Court to recover nearly HK$69 million.
Deng Chengbo’s son Deng Yaosheng was sued for NT$10.74 million by the commercial building owner
Deng Chengbo's guaranteed loan of 500 million yuan has not yet been repaid, and his son Deng Yaosheng and others are being demanded for 260 million yuan.
The Tang Shing-po family's entire building at No. 25 Junction Road, Kowloon was sold to the public.
Operated by the Deng Chengbo family,red starThe Kwun Tong store closed. At its peak, there were 16 branches of the brand. Now there is only one store left in Hong Kong.
The "Sunrise Mongkok Hotel" at No. 60 Portland Street, Mongkok was sold for about NT$560 million. It had been held for about 5 years and suffered a huge loss of about NT$540 million, a loss of nearly half.
Everyone has heard the news above. Uncle Bo transformed from an electric lighting apprentice into a "shop king" and passed away in 2021 at the age of 88. During his lifetime, he left behind huge property mortgage debts and was in debt. Many people have already mortgaged their mortgages, or have sold off their assets to pay for debts. Many outsiders say that Deng Yaosheng isProdigal boy.(Referring to the fact that the descendants of the wealthy generation continue to squander all the wealth accumulated by the previous generation, leading to the decline of the family)
But the truthUncle BoAs a big speculator, he was accustomed to using properties to cash out mortgages and reinvest, and operated in a high-debt mode. Before his death, Uncle Bo still dominated the asset sales and development direction. This situation was not caused by Deng Yaosheng.
