Tuesday June 2, 2020

Fota resort shareholder dispute heads for High Court

Spokeswoman says row will not affect the Cork resort’s planned reopening in July

24th May, 2020
A shareholder dispute at the Cork hotel group that owns the five-star Fota resort is headed for the High Court, a spokeswoman for the business confirmed.

A shareholder dispute at the Cork hotel group that owns the five-star Fota resort is headed for the High Court, a spokeswoman for the business confirmed.

China-based businessman Yuzhu Kang, who has lent the Irish business over €15 million since its inception, is taking action against Cork-based family member Xiu Xiang (known locally as Julie) Kelly and Du Tuo, two fellow directors of the group.

The Kang family have been investors in the Irish hospitality...

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