7 Nov 2025
HANSOM FINANCE LTD (IN CREDITORS\' VOLUNTARY LIQUIDATION) v. YANG HAOYING
- Citation
- [2025] HKCFI 5278
- Court
- Court of First Instance
- Case number
- HCA784/2022
The court found that Mr Yang breached his duties to exercise reasonable care, skill and diligence, to exercise independent judgment and to act bona fide in the best interests of Hansom by approving and signing five large unsecured loans and authorising payments to third-party recipients without adequate due diligence or security and by extending two defaulted loans on uncommercial terms; those breaches caused Hansom's loss of HK$799,000,000 and judgment was entered for that sum with interest and costs.