Read the full judgment text of HCMP 587/2023 on BabelCite. This High Court CFI judgment was delivered on 20 February 2024.
1. This is the Plaintiff’s application to commence a statutory derivative action on behalf of the 1 st Defendant’s (the “Company”) against Mr Gao (“Mr Gao”) and one 河南仕商企业管理服务有限公司 (“Henan Shi Shang”) (the “Intended Statutory Derivative Action”). The complaint is that Mr Gao caused the Company to dispose of its only asset at an undervalue to Henan Shi Shang and still fails to cause the Company to receive the consideration of the undervalue sale.
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