Sung Chung Kwun and Others v. Addchance Holdings Ltd and Others

Read the full judgment text of HCA 2385/2017 on BabelCite. This High Court CFI judgment was delivered on 15 June 2022.

Cited by 1 case · Cites 1 case

Case No.HCA 2385/2017[2022] HKCFI 1799
Court
High Court CFI
Date15 Jun 2022
Judge
Case Document
100%Judiciary

HCA 2385/2017
HCMP 2556/2017
(consolidated)

[2022] HKCFI 1799

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

ACTION NO 2385 OF 2017

______________

BETWEEN    
  SUNG CHUNG KWUN 1st Plaintiff
  ADDCHANCE DYEING FACTORY LIMITED 2nd Plaintiff
  POWERLINK INDUSTRIES LIMITED 3rd Plaintiff
  and  
  ADDCHANCE HOLDINGS LIMITED 1st Defendant
  (NOW KNOWN AS “GTI HOLDINGS LIMITED”)  
  CHAMPION FOREVER GROUP LIMITED 2nd Defendant
  ADDCHANCE LIMITED 3rd Defendant
  CHINAKEY (HONG KONG) LIMITED 4th Defendant
  SKY EMPEROR INTERNATIONAL LIMITED 5th Defendant
  POON SUM 6th Defendant
  HAMMER CAPITAL 7th Defendant
  PRIVATE INVESTMENTS LIMITED  
  CHAMPION ALLIANCE 8th Defendant
  INDUSTRIES LIMITED  

______________

AND

MISCELLANEOUS PROCEEDINGS NO 2556 OF 2017

______________

  IN THE MATTER of Order 88 of the Rules of the High Court, Cap 4A
  and
  IN THE MATTER of the property known as G/F, 1/F – 9/F and the roof of Sung’s Tower (宋氏大廈) (formerly known as Kwai Chung Industrial Building (Phase II) (葵涌工業大廈(第二期))
  and
  IN THE MATTER of the property comprised in the second Mortgage dated 8 June 2015 made between (i) the Mortgagor ADDCHANCE DYEING FACTORY LIMITED (互益染廠有限公司); and (ii) the Security Trustee HANG SENG BANK, LIMITED and registered in the Land Registry by Memorial No 15061102430102
  and
  IN THE MATTER of the Debt Restructuring Deed dated 9 March 2017 made between (1) ADDCHANCE HOLDINGS LIMITED and others; (ii) CHAMPION FOREVER GROUP LIMITED; and (iii) HANG SENG BANK, LIMITED and others
  and
  IN THE MATTER of the assignment of Second Mortgage dated 28 September 2017 made between (i) the Security Trustee HANG SENG BANK, LIMITED; and (ii) CHAMPION FOREVER GROUP LIMITED and registered in the Land Registry by Memorial No 17101702150013
  and
  IN THE MATTER of an application for an order for possession and payment by CHAMPION FOREVER GROUP LIMITED

______________

BETWEEN    
  CHAMPION FOREVER GROUP LIMITED Plaintiff
  and  
  ADDCHANCE DYEING FACTORY LIMITED Defendant
  (互益染廠有限公司)  

______________

(Consolidated by Order of Deputy High Court Judge Sherrington

dated 29 November 2018)

Before: Hon Mimmie Chan J in Chambers (Open to Public)
Date of Hearing: 25 May 2022
Date of Decision: 15 June 2022

____________________

C O R R I G E N D U M

____________________

On the fourth line of paragraph 25 on page 15 of the Decision, the words “trustees’ claims” should read “beneficiaries’ claims”.

Dated the 15th day of June 2022.

  (Joanne Ma)
Clerk to Hon Mimmie Chan J