Newspaper article: Judge orders sale of B.C.'s oldest pub

Judge orders sale of B.C.'s oldest pub

The Victoria area’s Six Mile Pub needs to be sold to repay the family of a now-deceased part-owner, a judge has ruled.

Author of the article: By Susan Lazaruk Published Feb 28, 2025

https://vancouversun.com/news/judge-orders-shutdown-bc-oldest-pub-six-mile-pub-victoria

The holding company that owns Victoria area’s Six Mile Pub has been ordered by a judge to liquidate its assets and repay the family of a now-deceased part-owner, who mortgaged his house to invest in the pub.

B.C. Supreme Court Justice Anthony Saunders took what he termed the “draconian” measure of liquidation for the pub, which opened in 1855 and is considered B.C.’s oldest pub, but gave the majority owners 90 days to sell it themselves before a liquidator is appointed.

Eddy Ng and David Wong met while working in a Victoria restaurant years ago. They formed Golden Spigot Ltd. in 2002 for the purpose of buying the pub. Each pledged to raise $550,000, but Ng came up with only $380,000, more than half of which came from mortgaging his family home and the rest from his mother.

Ng died in 2016 but his company, Eddy Ng Management Services, through his estate and family, maintained his 40 per cent of the ownership shares in Six Mile, which is in suburban View Royal, according to the judgment.

Wong and his wife, Fanny Ching, their two companies and various other smaller investors, including employees, own about 60 per cent of the business.

After Ng’s widow, Ling Zhu Ng, couldn’t come to an agreement to sell the shares to Wong, she petitioned the court to dissolve the company that owns the pub.

The liquidation and sale is a “remedy of last resort” but it was the best way to allow the petitioners to realize their “proportionate share of the growth in value of the company’s assets,” Saunders ruled in a recent decision after a two-day hearing in November.

The pub in 2002 was valued at $3 million. In 2021, Ng had it assessed at $7 million, according to the judgment.

Saunders acknowledged that Wong “contributed considerably more in the way of ‘sweat equity’ than Eddy ever did” because Ng’s hands-on involvement was limited for years as he struggled with a drug addiction.

“I would find it unjust and inequitable to allow the company to continue to benefit from the substantial capital Eddy was initially responsible for contributing,” he said. “Now that Eddy has passed, it is proper that Eddy’s heirs have the opportunity to reap the value of his investment.”

After they bought the Six Mile in 2002, Wong ran day-to-day operations and Ng managed the kitchen, but Ng became less involved after two years, it said.

His wife said Ng couldn’t work for about a year because of a frozen shoulder, and his relationship with Wong broke down and Ng was told not to return to work, Saunders wrote.

But Wong said Ng suffered from substance abuse that he hid from his family, and Wong and the other shareholders in 2004 demanded a doctor’s note that he was drug-free if he wanted to return to work, according to the judgment.

Brief history

Mr Parsons and his wife worked