Delco Participation B.V. v. Hwh Holdings Ltd

Case No.HCA 2943/2015[2025] HKCFI 4739

Court

High Court CFI

Date15 Oct 2025

Judge—

Case Document

100%

HCA 2943/2015

[2025] HKCFI 4739

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

ACTION NO. 2943 OF 2015

________________________

BETWEEN

	DELCO PARTICIPATION B.V.	Plaintiff
	and
	HWH HOLDINGS LIMITED	Defendant

________________________

AND

HCA 3040/2015

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

ACTION NO. 3040 OF 2015

________________________

BETWEEN

	DELCO PARTICIPATION B.V.	Plaintiff
	and
	CHIHO ENVIRONMENTAL GROUP LIMITED (formerly known as CHIHO-TIANDE GROUP LIMITED)	1^st Defendant
	FANG ANKONG (方安空) also known as FANG AN KONG (方安空)	2^nd Defendant

________________________

AND

HCA 2939/2016

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

ACTION NO. 2939 OF 2016

________________________

BETWEEN

	DELCO PARTICIPATION B.V.	Plaintiff
	and
	CHIHO ENVIRONMENTAL GROUP LIMITED (formerly known as CHIHO-TIANDE GROUP LIMITED)	1^st Defendant
	CHIHO-TIANDE (HK) LIMITED	2^nd Defendant
	HWH HOLDINGS LIMITED	3^rd Defendant
	FANG ANKONG (方安空) also known as FANG AN KONG (方安空)	4^th Defendant

________________________

(Heard together)

Before:

Hon Coleman J in Court

Dates of Hearing:	12-16, 19-23 and 26-30 July, 27 August, 2 September and 21 October 2021, and 1 March 2022
Date of Judgment:	15 October 2025
Date of Corrigendum:	24 October 2025

________________________

CORRIGENDUM

________________________

Please note the following corrigendum in the Judgment dated 15 October 2025 -

1. At page 201 between line H and I the words, “Fang/HWH to pay equitable compensation in the sum of HK$332,922,194 to Delco, plus pre-judgment interest (at prime + 1%) from 23 January 2025”, should be read as “Fang/HWH to pay equitable compensation in the sum of HK$332,922,194 to Delco, plus pre-judgment interest (at prime + 1%) from 23 January 2015”;

Dated the 24^th day of October 2025

	(Alvin Kwok)
	for Registrar, High Court

Cites 2 cases

Cases cited in this judgment

Delco Participation B.V. v. Hwh Holdings Ltd

HCA 2943/2015 · High Court CFI

Delco Participation B.V. v. Chiho Environmental Group Ltd (Formerly Known As Chiho Tiande Group Ltd) and Another

HCA 3040/2015 · High Court CFI

Related Cases

Ranked by citation overlap · cases that cite each other appear first

Delco Participation B.V. v. Hwh Holdings Ltd

HCA 2943/2015 · High Court CFI

Lam Kit Lan Cynthia and Lam Chi Wai Adrian Appointed By Order Dated 12th April 2021 To Represent the Estate of Lam Hon Keung Keith, Since Deceased v. Lam Chi Tat Anthony and Others

HCA 725/2015 · High Court CFI

Cited by 2 cases

Other judgments that cite this case

Lam Kit Lan Cynthia and Lam Chi Wai Adrian Appointed By Order Dated 12th April 2021 To Represent the Estate of Lam Hon Keung Keith, Since Deceased v. Lam Chi Tat Anthony and Others

Delco Participation B.V. v. Hwh Holdings Ltd

Other Judgments in This Case

Further hearings and rulings under HCA 2943/2015

Delco Participation B.V. v. Hwh Holdings Ltd

Delco Participation B.V. v. Chiho - Tiande Group Ltd and Another

Delco Participation B.V. v. Chiho - Tiande Group Ltd and Others

Delco Participation B.V. v. Hwh Holdings Ltd

Delco Participation B.V. v. Chiho Environmental Group Ltd (Formerly Known As Chiho-tiande Group Limited) and Another

Delco Participation B.V. v. Chiho Environmental Group Ltd (Formerly Known As Chiho-tiande Group Limited) and Others

Delco Participation B.V. v. Hwh Holdings Ltd

Delco Participation B.V. v. Chiho Environmental Group Ltd and Another

Delco Participation B.V. v. Chiho Environmental Group Ltd and Others

Delco Participation B.V. v. Hwh Holdings Ltd

Delco Participation B.V. v. Chiho Environmental Group Ltd

Delco Participation B.V. v. Chiho Environmental Group Ltd

Delco Participation B.V. v. Hwh Holdings Ltd

Delco Participation B.V. v. Chiho Environmental Group Ltd and Another

Delco Participation B.V. v. Chiho Environmental Group Ltd and Others

Delco Participation B.V. v. Hwh Holdings Ltd

Delco Participation B.V. v. Chiho Environmental Group Ltd and Another

Delco Participation B.V. v. Chiho Environmental Group Ltd and Others

Delco Participation B.V. v. Hwh Holdings Ltd

Delco Participation B.V. v. Chiho Environmental Group Ltd and Another

Delco Participation B.V. v. Chiho Environmental Group Ltd and Others

Delco Participation B.V. v. Hwh Holdings Ltd

Delco Participation B.V. v. Chiho Environmental Group Ltd (Formerly Known As Chiho-tiande Group Ltd) and Another

Delco Participation B.V. v. Chiho Environmental Group Ltd (Formerly Known As Chiho-tiande Group Ltd) and Others

Delco Participation B.V. v. Hwh Holdings Ltd

Delco Participation B.V. v. Chiho Environmental Group Ltd (Formerly Known As Chiho-tiande Group Ltd) and Another

Delco Participation B.V. v. Chiho Environmental Group Ltd (Formerly Known As Chiho-tiande Group Ltd) and Others

Delco Participation B.V. v. Chiho Environmental Group Ltd (Formerly Known As Chiho-tiande Group Ltd) and Another

Delco Participation B.V. v. Chiho Environmental Group Ltd (Formerly Known As Chiho-tiande Group Ltd) and Others