30 Jun 2021
LI YONG MING v. CHEN JIAN MING
- Citation
- [2021] HKCFI 1893
- Court
- Court of First Instance
- Case number
- HCA1981/2019
The Loan Extension Agreement, read with its recitals and Clause 4(a), manifested an intention to create an equitable charge over 5,700,000 Superb Summit shares and dividends in favour of the plaintiff; the defendant defaulted and failed to defend; accordingly the plaintiff is entitled to a money judgment for the sums due and to enforcement relief including delivery and transfer of share certificates, a court-ordered power to procure/execute transfers (including appointment under s25A Cap 4 if defendant fails to comply), and sale of the charged shares at a reserve price supported by unconteste…