Read the full judgment text of HCCL 8/2014 on BabelCite. This HCCL judgment was delivered on 25 April 2017.
1. These proceedings were issued by the plaintiff (“ Elite ”) against the defendant (“ BG ”), for the principal amount of HK $89,651,000 (“ Principal ”) said to be due but unpaid under convertible bonds (“ Bonds ”) issued by BG to it between 2008 and 2011. BG is a company which is listed in Hong Kong. Elite claims that the Bonds were issued to it in partial satisfaction of the acquisition price payable to it for the entirety of the shareholding in a company known as Honour Max Trading Ltd (“ T
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