Read the full judgment text of HCA 015778/1999 on BabelCite. This High Court CFI judgment was delivered on 3 April 2001.
1. This action arises out of an alleged oral contract made over the telephone between the Plaintiff and the Defendant at about 4:30 p.m. on 13 September 1999 whereby the Defendant agreed to sell 50 million shares in Celestial Asia Securities Holdings Ltd (Celestial) to the Plaintiff at 50 cents per share.