Read the full judgment text of CACV 000244/2007 on BabelCite. This Court of Appeal judgment was delivered on 6 March 2008.
1. The company, Nardu Company Limited, is in liquidation. It has a paid-up capital of $10 million, and indebtedness of over $311 million. Its only significant assets are shares in a PRC company called Panyu Lucky Rich Real Estates Development Limited (“PLR”), a joint venture company established pursuant to an agreement between the company and Panyu Yuwotou Real Estate Development Company (“Panyu Yuwotou”).
Cites 1 case