12 Apr 2000
EXCEL NOBEL DEVELOPMENT LTD. AND ANOTHER v. WAH NAM GROUP LTD.
- Citation
- EXCEL NOBEL DEVELOPMENT LTD. AND ANOTHER v. WAH NAM GROUP LTD.
- Court
- Court of First Instance
- Case number
- HCCW130/2000
The court granted validation under Section 182 because the proposed cash subscription of HK$15,000,000 constituted a clear benefit to the company; notwithstanding suspicions in the evidence, the order was made on that basis alone and the court reserved any adverse views on alleged improprieties.