Hong Kong private credit firm Pacific Aegis Capital Management Group Ltd. is locked in a legal tussle with a small local property owner over a deal that failed to materialize.
PACM Group filed a counter claim on Friday at Hong Kong’s High Court against private Hong Kong real estate owner Top Gear Investment Ltd., corporate vehicle Pure Wide Ltd. and the director of both of those entities, George Wong, some 10 weeks after the three parties filed a lawsuit against PACM Group.