29 Jan 2021
RE CHINA OCEAN INDUSTRY GROUP LTD (“THE COMPANY”)
- Citation
- [2021] HKCFI 247
- Court
- Court of First Instance
- Case number
- HCCW230/2019
The issue or allotment of new shares and the issuance of convertible bonds do not constitute a disposition of company property, a transfer of shares or an alteration in the status of members within the meaning of section 182; therefore section 182 is not engaged and the court has no jurisdiction to grant a validation order in respect of those instruments; the summons for validation is dismissed.