29 Dec 2021
CHINA LUDAO TECHNOLOGY CO LTD AND ANOTHER v. PERFECT CENTURY GROUP LTD
- Citation
- [2021] HKCFI 3855
- Court
- Court of First Instance
- Case number
- HCA1856/2020
Default judgment was entered for the Plaintiffs: the Defendant is ordered to deliver the audited financial statements of HGRL for the three years in question; the 2nd Plaintiff is awarded contractual profit compensation computed on the court's adverse inference that HGRL made no profit (RMB 797.5m, RMB 942.5m and RMB 1,087.5m respectively); the Plaintiffs are entitled to a declaration permitting cancellation or set off of the CBs to the extent of any sums awarded; certain academic orders (paragraphs 3(3) and 5 of the draft) were not made; costs awarded to Plaintiffs to be taxed party-to-party…