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HCMC 6/2008
IN THE HIGH COURT OF THE
HONG KONG SPECIAL ADMINISTRATIVE REGION
COURT OF FIRST INSTANCE
MATRIMONIAL CAUSES NO 6 OF 2008
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BETWEEN
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H |
Petitioner |
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and
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W |
1st Respondent |
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K |
2nd Respondent |
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B |
3rd Respondent |
| ____________ |
| Before: Hon Au-Yeung J in Chambers (Not open to public) |
| Dates of Hearing: 12-16, 19-23, 26-30 November 2012 and 3-7, 12-14 December 2012 |
| Date of Judgment: 10 September 2013 |
| Date of Corrigendum: 11 September 2013 |
| Date of 2nd Corrigendum: 29 November 2013 |
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2nd C O R R I G E N D U M
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1.In paragraph 576, the following amendments be made:
(i) the figure “+ HK$1.94m” should be deleted;
(ii) the figure “+ HK$22.99m” be replaced with “+ HK$5,900,000”;
(iii) consequent to the above corrections, the figure “HK$58.25m” be replaced with “HK$39.22m”.
2.Annex B be corrected as follows:
(i) Unsubstantiated Payments over HK$1m: the figure “HK$58.25 million” be replaced with “HK$39.22m”;
(ii) Growth rate for 1 year: the figure “HK$4.07 million” be replaced with “HK$2,745,444”;
(iii) SEC Group: the figures “HK$42.23 million” be replaced with “HK$6.88 million”;
(iv) Total Undisclosed Assets (Principal) (B): the figure “HK$105.01 million” be replaced with “HK$49.31 million”;
(v) Total (A+B+C): the figure “HK$516.84 million” be replaced with “HK$461.14 million”;
(vi) Applying sharing principal with Trust varied:
the figure “HK$258.42 million” be replaced with “HK$230.57 million”.
3.In paragraph 695, the calculation of the 1st respondent’s Duxbury needs: “HK$182,820,982 ÷ HK$494,000 x HK$800,000 = HK$296,066,368, rounded up to HK$296m” be deleted and replaced by the figure of “HK$413.38m”.
4.In paragraphs 758 and 761, the reference of the figure of “HK$296m” be deleted and replaced by the figure of “HK$413.38m”.
5.In paragraph 756, the last sentence should read: “The whole matrimonial estate is worth over HK$461.14m.”
6.In paragraph 761, the last sentence should read: “The total needs, apart from housing, will be HK$571.38m.”
7.Amended Annex B is annexed to this Corrigendum.
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(Hung Fong-ping) |
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Clerk to Hon Au-Yeung J |
Annex B
(Section E1, E4.3)
Summary of the Assets and Liabilities of the Petitioner and the 1st Respondent as at 30 September 2012 (With Principal and Alleged Growth Using Market Research Approach)
Assets/ Liabilities |
Updated Valuation (based on the latest valuation reports and bank/ securities account statements as
at 30 September 2012) |
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HK$ (million) |
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Total Disclosed Assets |
309.00 |
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Provision for Tax Indemnity |
(6.50) |
Total Disclosed Liabilities
(from Exhibit schedule A1) |
9.50 |
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Net Disclosed Assets (A) |
293.00 |
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Undisclosed Assets |
HK$ (million) |
Unsubstantiated Payments over HK$1m (HK$104.10 principal)
Growth rate for 1 year |
39,220,630
2,745,444 |
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Unsubstantiated payments below HK$1m (HK$1.25 principal) |
Nil |
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Unidentified Payments (HK$12.97 principal) |
Nil |
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CSE |
? |
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SECAHL Group (HK $60.9m principal) |
Nil |
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SECHK (HK$10.44m principal) |
Nil |
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SEC Group (HK$42.23m principal)
No growth rate |
6.88 |
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C Group |
? |
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B Ltd + final bonus for 2007 |
? |
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ABN Amro Bank Account |
? |
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SCayman? |
? |
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sCV? |
? |
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K and B’s legal costs |
Nil |
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Closing balance SEC account of CT Ltd ($356,771 + growth) |
0.46 |
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Total Undisclosed Assets (Principal) (B) |
49.31 + |
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Bettina Trust Companies (237.65m x 50%) (C) |
118.83 |
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Total (A + B + C) |
461.14+ |
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Applying sharing principal with Trust varied |
230.57+ |
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