Read the full judgment text of HCA 004390/2001 on BabelCite. This High Court CFI judgment was delivered on 6 March 2002.
1. This action arose out of an abortive sale and purchase agreement dated 11 September 2001 ("the Agreement") whereby the defendant agreed to sell to the plaintiff at a price of HK$72 million its entire shareholding in one Diamond Gold Limited ("the Company") together with all its interests and rights in a loan of more than HK$90 million extended to the Company. The plaintiff paid a deposit of HK$7.2 million upon signing of the Agreement. The Company is the legal and beneficial owner of a proper
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