15 May 2025
SECURITIES AND FUTURES COMMISSION v. SOUND GLOBAL LTD AND OTHERS
- Citation
- [2025] HKCFI 2052
- Court
- Court of First Instance
- Case number
- HCMP868/2019
Because reliable post‑LTD financial information was unavailable and the respondent withheld books and records, the only objective and practicable measure of market value was the last traded price of HK$2.98 on 12 April 2016; downward market or distress discounts were rejected as unfair or unprovable and attributable to respondent misconduct; interest at 1% above prime from the LTD to payment is awarded to compensate minorities; Tricor (the share registrar) is appointed as administrator subject to safeguards; costs of resolving price and administrator issues to be paid by Mr Wen.