Read the full judgment text of CACV 000012/1978 on BabelCite. This Court of Appeal judgment was delivered on 22 March 1979.
1. By an Agreement dated 30th April 1977 (which has been called "the Rocky Agreement") the Appellant Ng, who was in truth acting on behalf of himself and the Defendants Ives and Ho, agreed to sell to Rocky Enterprises Co. Ltd. ("Rocky") 23,000,000 fully paid up shares of ? each in San Imperial Corporation Ltd. ("San Imperial"). On 12th May 1977 that Agreement was replaced by another Agreement ("the New Rocky Agreement"), which had substantially the same object although the machinery by which the