31 Dec 1997
CHINESE UNITED ESTABLISHMENT LTD. v. CHEUNG SIU KI and Another
- Citation
- CHINESE UNITED ESTABLISHMENT LTD. v. CHEUNG SIU KI and Another
- Court
- Court of First Instance
- Case number
- HCA8004/1995
On the balance of probabilities the court made specific factual findings: the investment plan and associated documents were sent and considered by the investors; Wellward was established at Cheung's direction and used as a conduit; the HK$11.75 million commission arrangement was known to investors and HK$4,000,000 was paid to Wellward; Cheung held certain interests (Nice Gain/Burlion) in circumstances creating conflict with Chinese United; Pang failed to prove the alleged misrepresentation about Burlion's purchase price. The court declined to finally order outcomes at judgment and invited par…