Read the full judgment text of CACV 000006/1987 on BabelCite. This Court of Appeal judgment.
1. On the 1st August 1986 the 1st Defendant, Interading Manufacturing (HK) Ltd., was indebted to the Plaintiff, the Chung Khiaw Bank, to the extent of something over $8.7 million. The indebtedness was covered by a joint and several guarantee from the 2nd and 3rd Defendants, who are the sole shareholders and directors of the 1st Defendant company. The guarantee was first executed in 1981 and then extended in 1982.