MA WAI CHIU(suing on behalf of himself and allother shareholders (except the 1stdefendant) of the 6thdefendant,Fashion Element (HK) Limited) v (1) NG KIN FAI RICHARD(also known as DICK NG)

Read the full judgment text of HCA 61/2017 on BabelCite. This High Court CFI judgment was delivered on 20 January 2017.

1. The plaintiff, who is known as Ricky Ma, is bringing a derivative claim on his own behalf and on behalf of the shareholders of the 6 th defendant, Fashion Element (HK) Ltd (“FEL”), other than the 1 st defendant, who is known as Dick Ng.  FEL manufactures garments, and the allegation is that Mr Ng and the 2 nd defendant, Mandy Chu, who is his wife and worked for FEL, diverted much of FEL’s business to two companies, the 3 rd and 4 th defendants, Primo Sourcing Group Ltd (“PSG”) and Yin Mei Hol