Read the full judgment text of HCA 002757/1993 on BabelCite. This High Court CFI judgment was delivered on 7 March 1995.
1. In early 1990, Bond Holdings Ltd, ("Bond Holdings") was experiencing financial difficulties. Amongst its assets were 881,515,404 (65.9%) of the 1,337,869,304 issued shares of Bond International Ltd, ("Bond International"), a company listed on the Hong Kong Stock Exchange. Bond Holdings had pledged them to Hong Kong and Shanghai Bank, ("H.K.S.B."), to secure advances to itself.
Cited by 3 cases