Neway, the family business of Fala Chen’s (陈法拉) ex-husband Daniel Sit (薛世恒) is now on the brink of winding up. The largest karaoke operator in Hong Kong, which saw declining revenue due to the pandemic, owes three major record labels 90 million Chinese yuan in debt.  The creditors have applied for liquidation of Neway Music Limited, a subsidiary of the chain karaoke operator from the courts.