Read the full judgment text of CACV 000368/2004 on BabelCite. This Court of Appeal judgment was delivered on 7 October 2005.
1. Stone J ordered specific performance of the contract (“the contract”), dated 21 April 1999, by which, the Plaintiff, Advertasia, agreed to sell to the Defendant, China Outdoor, the entire share capital of 4 companies, for HK$68 million. Only 2 of these companies TM (Beijing) (“TMB”) and TM (Guangzhou) (“TMG”) are relevant to this appeal. It is Advertasia’s case that these companies were parties to certain joint venture contracts (“JV contracts”) in Beijing and Guangzhou respectively.
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