Read the full judgment text of HCA 2562/2013 on BabelCite. This High Court CFI judgment was delivered on 9 March 2017.
1. The central complaint of these two actions is the sale of the 161,000,000 shares in Kith Holdings Limited (“ KHL ”) registered in the name of Accufit Investments Inc. (“ Accufit ”), a BVI company, by the receivers (“ the Receivers ”) appointed by Superb Glory Holdings Limited (“ Superb Glory ”) under a debenture securing a loan extended by Superb Glory to Accufit in the sum of HK$140 million on 18 December 2013 (“ the Sale ”) allegedly at a gross undervalue. The Sale yielded HK$49,780,000 whe
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