1 Aug 2025
SUNNI INTERNATIONAL LTD (in liquidation) v. KAO WAI HO FRANCIS AND OTHERS
- Citation
- [2025] HKCFI 3398
- Court
- Court of First Instance
- Case number
- HCA1884/2018
Court found on the evidence that (1) the 4‑Families oral agreement existed and was breached by disposal of Sunni’s Imagi shares; (2) Francis Kao, as de jure and de facto director and authorised signatory, fraudulently breached fiduciary duties and caused dissipation of Sunni’s assets; (3) Michael Kao, though a signatory and responsible for disposal of 99m Imagi shares via Fairwin and for co‑signing share‑purchase cheques, was not proved to have conspired in the full scheme to dispose all 585m shares but breached fiduciary duties by reckless indifference; (4) Win Harvest, Unicorn, Big Plan and…