Read the full judgment text of HCA 2722/2008 on BabelCite. This High Court CFI judgment was delivered on 8 June 2011.
1. On 10 December 2008, eSun Holdings Limited (“eSun”), a company whose shares are listed on the Stock Exchange of Hong Kong (“the Stock Exchange”) entered into a placing agreement (“the Placing Agreement”) with Chung Nam Securities Limited (“Chung Nam”). Under the Placing Agreement, eSun agreed to issue 120 million new shares in itself to placees to be identified by Chung Nam (“the Placees”), at a price of HK$0.50 per share (the par value of such shares). In addition, each Placee would receiv
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