10 Nov 2021
CHINA TRENDS HOLDINGS LTD v. THE STOCK EXCHANGE OF HONG KONG LTD
- Citation
- [2021] HKCA 1673
- Court
- Court of Appeal
- Case number
- CACV652/2020
The application for leave to appeal was dismissed because the questions are either improperly framed (omitting that sufficiency is 'to warrant the continued listing') or lack reasonable prospects of success; Rule 17.26 calls for a contextual qualitative judgment tied to whether operations/assets warrant continued listing and 'viable and sustainable' must be read in that context rather than as an objective proximity-to-insolvency test.