Read the full judgment text of CACV 000048/1983 on BabelCite. This Court of Appeal judgment.
1. Early in February 1973 the Plaintiff company purported to convey to Union V-Tex Realty Ltd. ("Realty'") two parcels of land. Realty was a company which was incorporated on 2nd February 1973 with an issued share capital of $9,000,000.00 and which on 14th February 1973 issued a prospectus for a new issue of 3,000,000 shares of $1 each at par. The Plaintiff was a private company wholly owned by Mr. Wong Ping-shan, his wife and their son. Mr. Wong was the chairman and managing director. His wif