Read the full judgment text of HCA 001620/2008 on BabelCite. This High Court CFI judgment was delivered on 12 September 2008.
1. There is a serious question to be tried on whether the defendants are indeed the legal and beneficial owners of the 8,800 shares of Hua Ning Industries Limited (“Hua Ning”) which are registered in their names. The plaintiff says that the shares were transferred to the 2nd defendant only as security for lending. He is supported by the terms of the third loan repayment extension agreement dated 28 December 2007. Hence, the right and power of the 1st and 2nd defendants to resolve on behalf of
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