'We will chase them down': Debt collectors pursue claims exceeding $2m linked to Lao Huo Tang

SINGAPORE — An unassuming mixed rice stall in Bedok Reservoir Road became the focus of debt collectors on a quiet afternoon on Nov 12, as they pursued unpaid claims from businesses linked to the Lao Huo Tang restaurant chain.The visit to Le Xin Mixed Veg Rice was among a series of attempts by debt recovery agencies to recover unpaid invoices involving companies linked to Thomas Hong, the founder and chief executive of Lao Huo Tang Group.Hong has held directorships in several food and beverage businesses. According to corporate records obtained by The Straits Times, he is currently listed as a director of companies such as Lao Huo Tang Investments, Lao Huo Tang Canton, Singapura Heritage Food Hall, Kenny Rogers Roasters and Le Xin Mixed Rice.He is also a shareholder of Lao Huo Tang Investments and has previously served as a director of other food and beverage companies.At the stall on Nov 12, debt collectors from FDR Services encountered an elderly man whom they believe to be Hong's father.