9 Jan 2014
CHAN YU LING, ABRAHAM AND OTHERS v. PURAPHARM INTERNATIONAL LTD
- Citation
- CHAN YU LING, ABRAHAM AND OTHERS v. PURAPHARM INTERNATIONAL LTD
- Court
- Court of First Instance
- Case number
- HCMP2149/2013
The Court granted the extensions because the breaches were found to be inadvertent rather than due to indifference, no prejudice to shareholders was shown, future compliance was likely and, balancing the factors and absence of evidence that refusal would fatally undermine the proposed listing, it was appropriate to exercise the discretionary power under ss111 and 122 to grant the orders sought.