16 May 2022
CHONG KIN GROUP HOLDINGS LTD v. THE STOCK EXCHANGE OF HONG KONG LTD
- Citation
- [2022] HKCFI 1439
- Court
- Court of First Instance
- Case number
- HCAL340/2022
Leave to apply for judicial review was refused because the proposed grounds were not reasonably arguable: the Listing Review Committee validly concluded that the Previous Acquisitions and the Disposal together constituted an RTO at the relevant time and that subsequent disposal of the acquired business did not negate that conclusion; the Exchange was entitled to treat the issuer as if a new applicant under Rule 14.54 and to suspend trading under Rule 6.01(4); on the balance of convenience an interim injunction would have been refused and deference is owed to the regulator's specialist judgmen…