CHINACULTURE.COM LIMITED(suing on behalf of itself and all other shareholders in CNT GROUP LIMITED, except Prime Surplus Limited) v LAM TING BALL, PAUL

Read the full judgment text of HCA 2902/2017 on BabelCite. This High Court CFI judgment was delivered on 24 July 2020.

1. On 2 July 2020 I heard a case management conference in this statutory derivative action, the trial of which is fixed to commence on 9 November 2020 for 25 days. At risk of oversimplification, the principal issue in the case is whether the paint business of the 4 th Defendant (“ Company ”) which was spun-off into a separate listed company, CPM Group Limited (“ CPM ”), at an undervalue. The undervalue primarily arising because the IPO share price of CPM failed to reflect the value of a parcel o

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