31 Aug 2010
NICE IN HOLDINGS LTD v. HINCO INTERNATIONAL LTD
- Citation
- NICE IN HOLDINGS LTD v. HINCO INTERNATIONAL LTD
- Court
- Court of First Instance
- Case number
- HCMP1436/2010
The court granted the extensions because the statutory criteria were satisfied: common ultimate beneficial owners meant no shareholder prejudice, the defaults were inadvertent due to an accountant's misunderstanding, and there was a realistic prospect of future compliance; relief was conditioned on an undertaking to notify The Stock Exchange of Hong Kong of the order and reasons to protect prospective investors and the integrity of the listing process.