Who deserves more? The Lo family is locked in a nasty feud

The Lo family of the Great Eagle Group is divided into two opposing camps in the fight for the family wealth, with reconciliation unlikely, according to one son

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The Lo family is the latest Hong Kong wealthy family to be thrown in the spotlight for feuding over family fortune. Photo: EPA

Published: 11:00pm, 24 May 2017Updated: 11:27pm, 24 May 2017

Under a web of lies and manipulation that shrouded the infighting within the Lo family who controls Great Eagle Holdings through a trust, reconciliation has become unlikely, according to Vincent Lo Hong-shui, the fourth son of the family.

The family, one of Hong Kong’s most prominent and wealthiest real estate clans, has come under spotlight and provided fodder for the gossip columns as the feud intensifies.

On Wednesday, Vincent Lo broke his silence after the annual general meeting of Shui On Land, which he chairs, saying that trust among the siblings was lost and reconciliation seems infeasible at this point.

The feud was set in motion after Lo’s 98-year-old mother, Lo To Lee-kwan, filed a case in the High Court last December to dismiss the manager of the family trust, HSBC International Trustee.

But Lo Ka-shui, who chairs Great Eagle, said on Tuesday that as an appointor and a guardian of the family trust, he was not keen to dismiss HSBC as it has been managing the trust with professionalism for the last 33 years.

The third son of the family, he added that his mother could have been manipulated by others who wanted to dismiss HSBC.