Zouk founder explains why he sold the club

  • 20 Jun 2016

Iconic club Zouk was sold to mainboard-listed Genting Hong Kong (GHK) for an undisclosed sum on Monday. Zouk founder Lincoln Cheng, 68, said negotiations for the sale of the club which was valued at $40 million in 2013, started right after ZoukOut last year. The acquisition which is expected to complete by the end of this year, will see GHK acquiring all of Zouk's major trademarks, its new club in Clarke Quay to be opened next year and its annual ZoukOut dance music festival.