Read the full judgment text of HCA 494/2015 on BabelCite. This High Court CFI judgment was delivered on 2 July 2025.
1. In these proceedings, the liquidator of Highfit Development Co Ltd (“ Company ”) seeks relief in respect of a sale by the Company 25 years ago of its entire shareholding and interests in a Mainland company, Shanghai Huifa Property Co Ltd (“ HF ”) (“ Transaction ”). HF held the land use rights in 41 Hengshan Road in Shanghai (“ Land ”) and in the residential building constructed thereon known as Gee House. It is claimed that the Transaction was at undervalue and was entered into by its directo
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