22 Dec 2025
MAJESTIC PLAN INTERNATIONAL LTD AND OTHERS v. JI CHANGQUN
- Citation
- [2025] HKCFI 5875
- Court
- Court of First Instance
- Case number
- HCA1494/2019
The court found the Defendant failed to prove the alleged oral misrepresentation and intended to and did sign a binding MOU; the MOU was supported by valid consideration (including implied forbearance) and was enforceable; the Defendant is liable under clause 2 Section III for the identified Fund Fixed Return and Fund Principal Amounts including the OBOR principal of HK$520,000,000 but not for the OBOR first half 2019 return of HK$22,053,698.63; the 3rd Plaintiff's claim is dismissed for non-prosecution; the Defendant's counterclaim for rescission is dismissed.