1 Feb 2023
RE MTF SECURITIES LTD
- Citation
- [2023] HKCFI 312
- Court
- Court of First Instance
- Case number
- HCMP2065/2022
The court was satisfied the applicant held the assets as trustee and had taken reasonable steps to trace eight uncontactable clients; accordingly, an order under section 62 was appropriate to pay unclaimed cash and listed securities into court and to deposit the Mountbatten share certificate, and an order under section 56 was appropriate to grant the applicant power to sell or otherwise dispose (including forfeiture) of the securities of the delisted and wound-up SMI Holdings Group Limited; costs assessed at $88,053 were to be paid to the applicant out of the unclaimed cash.