CHIEN KUN ALLEN v. AIM GLOBAL HOLDINGS LTD

CHIEN KUN ALLEN v. AIM GLOBAL HOLDINGS LTD

Service of the 2nd IP Summons was valid; the applicant established a prima facie entitlement to the further interim payment of US$4.8m based on the parties' own expert valuation and prior reasoning in the 1st IP Decision; accordingly the court ordered payment in terms of the 2nd IP Summons, permitted service out, and assessed costs against AIM and Liu.

Citation
[2026] HKCFI 570
Parties
1st Plaintiff (original Action); 1st Defendant (counterclaim); Defendant (hca 2495/2014): AIM Global Holdings Limited; 2nd Plaintiff (original Action); 2nd Defendant (counterclaim): Lily Liu Durr; 3rd Plaintiff (original Action); 3rd Defendant (counterclaim): Shanghai Weicon Optical Co. Ltd.; 1st Defendant (original Action); 1st Plaintiff (counterclaim); Plaintiff (hca 2495/2014): Chien Kun Allen; 2nd Defendant (original Action); 2nd Plaintiff (counterclaim): Rising Dragon Global Limited
Court
Court of First Instance
Jurisdiction
Hong Kong
Judgment Date
22 January 2026
Case Number
HCA2495/2014
Procedural Posture
Consolidated Civil Proceedings (hca 2217/2014 and HCA 2495/2014) / Hearing of Summons for Further Interim Payment (2nd IP Summons) in Chambers
Outcome
2nd IP Summons allowed; order made in terms of the draft order placed before the court.
Legal Topics
Interim Payment, Service Out, Costs Assessment, Valuation of Shares, Consolidation
Source Language
EN
Civil Procedure Interim Remedies Costs Commercial Law Interim Payment Service Out Costs Assessment Valuation of Shares +1 more

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Parties

AIM Global Holdings Limited

1st Plaintiff (original Action); 1st Defendant (counterclaim); Defendant (hca 2495/2014)

Lily Liu Durr

2nd Plaintiff (original Action); 2nd Defendant (counterclaim)

Shanghai Weicon Optical Co. Ltd.

3rd Plaintiff (original Action); 3rd Defendant (counterclaim)

Chien Kun Allen

1st Defendant (original Action); 1st Plaintiff (counterclaim); Plaintiff (hca 2495/2014)

Rising Dragon Global Limited

2nd Defendant (original Action); 2nd Plaintiff (counterclaim)

Procedural Posture

Consolidated Civil Proceedings (hca 2217/2014 and HCA 2495/2014) / Hearing of Summons for Further Interim Payment (2nd IP Summons) in Chambers

Legal Issues

  1. 1 Whether applicant entitled to further interim payment of US$4.8 million
  2. 2 Whether service of the 2nd IP Summons was valid
  3. 3 Whether orders permitting service out should be granted

Ratio Decidendi

Service of the 2nd IP Summons was valid; the applicant established a prima facie entitlement to the further interim payment of US$4.8m based on the parties' own expert valuation and prior reasoning in the 1st IP Decision; accordingly the court ordered payment in terms of the 2nd IP Summons, permitted service out, and assessed costs against AIM and Liu.

Court Disposition

2nd IP Summons allowed; order made in terms of the draft order placed before the court.

Orders

  • Interim payment of US$4,800,000 to be made in accordance with the 2nd IP Summons (order in terms of draft placed before the court)
  • Orders permitting service out of the proceedings (given service addresses provided are outside Hong Kong)