20 Dec 2019
NGAN KWING SUN v. TOP WELL INDUSTRIAL LTD
- Citation
- [2019] HKCFI 3096
- Court
- Court of First Instance
- Case number
- HCMP420/2019
The court ordered registration because the companies' refusals were not validly exercised: Top Well had no properly constituted board to exercise the power to refuse; the asserted beneficial ownership in a related company does not justify refusal to register transfers in the separate company; the reasons given were insufficient and not shown to be bona fide, therefore the s152 applications were well-founded and registration ordered.