15 Nov 1989
RE BONDWOOD DEVELOPMENT LTD.
- Citation
- RE BONDWOOD DEVELOPMENT LTD.
- Court
- Court of First Instance
- Case number
- HCMP1100/1989
The court found on the balance of probabilities that Mr. Fung had excluded other shareholders, failed to produce proper accounts, diverted substantial sums to related companies and acted fraudulently; his conduct amounted to oppression under s.168A. The court granted injunctive relief restraining Mr. Fung and his companies from managing Bondwood, ordered discovery and tracing of related companies' records, appointed two independent managers (Daniel Kwok and Lawrance Chung) to run and reconstruct the business and entertain claims for rectification of the share register, and awarded costs perso…