24 Nov 2015
WONG CHUNG CHI v. YUILLEY BUILDING MATERIALS CO LTD AND OTHERS
- Citation
- WONG CHUNG CHI v. YUILLEY BUILDING MATERIALS CO LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP137/2015
The court held that the applicant satisfied the s.740 requirements only in respect of documents relating to funds advanced to Powerful Pacific for the purchase of the specified properties, the monthly rentals paid by D1 to Powerful and monthly borrowings by Powerful from D1, because those matters related to the applicant's economic interest as a shareholder and were a proper purpose; all other categories were not shown to be for a proper purpose or were managerial/too remote or time‑barred. The application against the 2nd and 3rd defendants was dismissed. The court exercised its discretion to…