12 May 2026
COBO ASIA LTD AND ANOTHER v. LIANG TIANXIANG AND ANOTHER
- Citation
- [2026] HKCFI 2696
- Court
- Court of First Instance
- Case number
- HCA835/2022
Court found that the 2020 Board Resolutions (Resolution 1) cutting Company out of the supply chain for Family Products constituted a breach of fiduciary duties by the majority directors and was unfairly prejudicial; buy‑out remedy ordered (Cobo SPA to buy ECT’s 40% at fair market value). Further diversion claims (direct sales to major customers after premises closure) and competing business claims failed because the premises closure (20 Feb 2021–9 Jun 2022) caused operational paralysis and direct sales by Cobo SPA were justified. Restrictive covenants (Art 8.1 NCA/SHA) were void/unenforceable…