Yung Kee - Finances and Ownership

Finances and Ownership

Yung Kee is owned by Yung Kee Holdings Ltd, a private holding company with roughly HK$127 million in assets. In 2000, the two top floors of the building which the restaurant occupies became available; the company purchased those floors at that point, and now owns the entire building. After the death of the founder Kam Shui-fai in 2004, its shares were divided among Kam's children. One report stated that eldest son Kam Kin-sing (甘健成) (or "Kinsen Kam Kwan-sing") and second son Ronald Kam Kwan-lai (甘琨禮) each received 45%, while the remaining 10% was held by Kam's daughter Kam Mei-ling through her own holding company Everway Holdings Limited; she later sold it to the younger Kam.

Another report stated that the two brothers each received a 35% stake on the founder's death, with a further 10% owned by his widow, their mother, Mak Sui-chun. Her daughter Kelly Kam was also a party to the dispute. In fiscal year 2009, the restaurant earned HK$51.1 million in net profit. However, there have been continuing disputes among the two brothers about the management of the company, especially due to the appointment of the younger Kam brother's son Kam Lin-wang (甘連宏) as a director, drawing a salary of HK$45,000/month for only a few hours of work. In July 2010, the elder Kam brother applied to the High Court for liquidation of the holding company if the younger Kam brother refused to buy out his stake.