Read the full judgment text of HCA 2544/2016 on BabelCite. This High Court CFI judgment was delivered on 7 August 2017.
1. The plaintiff is a Hong Kong company. The defendants are companies incorporated in the British Virgin Islands (“BVI”). The parties entered into various agreements for the sale and purchase of the shares in a Hong Kong company called Gobest China Limited for the total sum of about RMB1.851 billion. Gobest China Limited was the owner of a large piece of land in Hongqiao Town, Shanghai, People’s Republic of China (“PRC”).