HANGZHOU LIANLUO INTERACTIVEINFORMATION TECHNOLOGY CO., LTD(Also known as HANGZHOU LIAISON INTERACTIVEINFORMATION TECHNOLOGY CO., LTD)(杭州聯絡互動信息科技股份有限公司) v CHINA DIGITAL CULTURE (GROUP)  LIMITED(中國數碼文化(集團)有限公司)

Read the full judgment text of HCA 536/2020 on BabelCite. This High Court CFI judgment was delivered on 7 November 2024.

1. This is a dispute arising from the Plaintiff’s investment by way of subscription to convertible bonds issued by the Defendant in about 2017.  Consideration in the sum of HK$412,500,000 was paid by the Plaintiff to the Defendant for the bonds due in 5 years with interest payable at 5.5% per annum.  The Defendant defaulted in payment of interest in the last quarter of the second year.  Despite repeated demands by the Plaintiff, the Defendant failed to repay the Principal Sum and the interest in

Cited by 2 cases