20 Aug 2014
SKYWAY SECURITIES INVESTMENT LTD v. ABLE SUCCESS ASIA LTD AND OTHERS
- Citation
- SKYWAY SECURITIES INVESTMENT LTD v. ABLE SUCCESS ASIA LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP323/2014
The court found no evidential basis for the allegation of bad faith; the charge agreement's express definition and continuing nature include bonus shares as part of the charged securities; having rejected respondents' primary objections and given the absence of reliable valuation evidence, it was appropriate to grant the sale and give conduct of sale to Skyway to effect an open market sale; ancillary injunctions were to be varied to permit the sale.