Case Document

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HCA 1754/2015

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

ACTION NO. 1754 OF 2015

____________

BETWEEN
	ZHI CHARLES	Plaintiff
	and
	KIM YOUNG JUN	1^st Defendant
	CHOI SUNG MIN	2^nd Defendant
	LIM HOSOK	3^rd Defendant
	JANG SAMKI	4^th Defendant
	HONG SANG JUN	5^th Defendant
	PANG KWANG TING	6^th Defendant
	CORDIA GLOBAL LIMITED	7^th Defendant
	GOLDWYN MANAGEMENT LIMITED	8^th Defendant
	ACME PERFECT LIMITED	9^th Defendant
	FIRST GLORY LIMITED	10^th Defendant
	LUCREZIA LIMITED	11^th Defendant
	TOKEN CENTURY LIMITED	12^th Defendant
	DAILY LOYAL LIMITED	13^th Defendant
	PIONEER CENTRE LIMITED	14^th Defendant
	MASTER IMPACT LIMITED	15^th Defendant
	SKYLINE MERIT LIMITED	16^th Defendant
	KEYSTONE GLOBAL LIMITED	17^th Defendant
	SIBERIAN MINING GROUP COMPANY LIMITED	18^th Defendant

____________

Before: Hon L Chan J in Chambers

Date of Hearing: 7 August 2015

Date of Decision: 7 August 2015

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DECISION
_____________

1.The resumption notice was published on 22 April 2015. Nothing in reliance on that can be urgent.

2.On dissipation, Mr Zhi accepts that he has no locus standi. Furthermore, he has given no information on how he had learned that there will be dissipation of shares of D18 shortly.

3.He also wants to stop the defendants from voting their shares at the AGM on 4 September 2015. He says that the shareholders could be asked to vote for the reappointment of the Board. I think if the Board is to continue, then there is no urgent problem. If the Board is problematic, it has been so since its appointment in February 2015.

4.Mr Zhi also says that the AGM will approve the audited report, but if the report is wrong, the approval will not make it right.

5.Mr Zhi has also reported his complaints to the Hong Kong Stock Exchange (“HKSE”). He says that the HKSE is investigating the matter. If there is any urgency, I am sure the HKSE would have acted already.

6.Since there is no urgency and Mr Zhi has admitted his want of locus standi, I dismiss the injunction. I also order him to pay the costs of D3, 4, 5 and 18.