TVB actor Vinci Wong declared bankrupt over unpaid loan of $360K

By Linh Le March 10, 2025 | 02:42 am PT

Actor Vinci Wong has been declared bankrupt by the Hong Kong High Court after a credit firm accused him of failing to repay an unsecured loan totaling HK$2.8 million (US$360,487).

Hong Kong actor Vinci Wong. Photo from Wong's Instagram

According to The Star, Wong was absent from the hearing on March 3, when the judge issued the bankruptcy order.

Wong had filed for bankruptcy in December last year after being sued by the credit firm. At the time, he declined to comment further, stating that the case was under legal proceedings. Despite the setback, he remained optimistic, telling reporters: "I will continue facing it with positivity and strength."

At 54, Wong is well-known for his roles in TVB drama series "Life For Life," "Healing Hands II," and "Hidden Treasures."

Beyond his entertainment career, Wong has also been active in business. He previously served as the chairman of the Tung Wah Group of Hospitals and holds a 28% stake in his family’s business, WKK Distribution Limited, founded by his grandfather Wong Sha Shan. The business is reportedly valued at around HK$70 million.

His family’s wealth is estimated at HK$3 billion, and he reportedly resides in a property valued at HK$23.29 million in Hong Kong’s Tai Kok Tsui neighborhood. However, much of these assets are not solely in his name.