12 Apr 2000
HCK CHINA INVESTMENTS LTD. AND ANOTHER v. WAH NAM GROUP LTD.
- Citation
- HCK CHINA INVESTMENTS LTD. AND ANOTHER v. WAH NAM GROUP LTD.
- Court
- Court of First Instance
- Case number
- HCCW166/2000
The court granted validation under s.182 because the proposed subscription would bring an immediate cash benefit of $15,000,000 to the company; that legitimate benefit justified the validation despite evidence raising suspicions, with the court reserving any determination on the company's past conduct.