21 Apr 2023
RE XIN HUA SECURITIES (HONG KONG) LTD
- Citation
- [2023] HKDC 579
- Court
- District Court
- Case number
- DCMP252/2023
The court has jurisdiction under section 62 Trustee Ordinance and Order 92; the applicant demonstrated reasonable efforts to contact the four clients and established that the unclaimed sums are held on trust; accordingly the court granted leave to pay the apportioned balances into court, allowed deduction of apportioned costs (summarily assessed), ordered the applicant to give specified notices and declared that compliance will discharge the applicant's obligations.