Read the full judgment text of HCMP 486/2017 on BabelCite. This High Court CFI judgment was delivered on 24 August 2020.
1. The Applicants (“ Trustees ”) seek an order that the disposal by Ding Yi ( “Bankrupt” ) of 400,000,000 ordinary shares in North Asia Strategic Holdings Limited (“ the Shares ”) to the Respondent on 31 March 2016 for a cash consideration of HK$30,000,000 ( “ the Disposal ”) be set aside on the ground that it constituted a transaction at an undervalue under section 49 of the Bankruptcy Ordinance, Cap 6 (“ the Ordinance ”).
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