8 Jul 2021
CHINA TRENDS HOLDINGS LTD v. THE STOCK EXCHANGE OF HONG KONG LTD
- Citation
- [2021] HKCA 980
- Court
- Court of Appeal
- Case number
- CACV652/2020
Rule 17.26 requires a holistic qualitative assessment of whether an issuer has a viable and sustainable business that warrants continued listing; solvency alone is not determinative; the Review Committee's conclusion that the Applicant lacked a viable and sustainable business was within its professional judgment and not Wednesbury unreasonable; the Review Committee gave adequate reasons; appeal dismissed.