27 Jun 2014
ABLE SUCCESS ASIA LTD v. CHINA PACKAGING GROUP CO LTD AND OTHERS
- Citation
- ABLE SUCCESS ASIA LTD v. CHINA PACKAGING GROUP CO LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA1120/2014
There is a serious issue to be tried that Able Success validly accepted the open offer and obtained an equitable interest in the subscribed shares which can be traced into the 149,838,335 shares held in the 2nd defendant's CCASS account; damages may be an inadequate remedy given the size and market consequences of the parcel; accordingly the interim injunction is continued in varied terms restraining disposal, voting and registration in respect of the traced shares subject to the plaintiff providing fortification of HK$3,000,000 and other ancillary directions.