16 May 2025
RE SINO WEALTH SECURITIES LTD
- Citation
- [2025] HKCFI 2045
- Court
- Court of First Instance
- Case number
- HCMP392/2025
The court found from the contractual documentation that the applicant held the listed cash and share assets on trust for the six clients, was unable to contact the clients despite extended and repeated efforts, the sums involved are modest and would not unduly burden court resources, and it was therefore expedient to order payment of the unclaimed cash into Court, permit withdrawal and registration of physical share certificates and deposit into Court, and to allow sale/disposal of delisted shares if certificates cannot be obtained/registered within three months, with specified notification a…