Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Delisted shares
  • 23 Oct 2013

    RE A ONE INVESTMENT CO LTD

    Citation
    RE A ONE INVESTMENT CO LTD
    Court
    Court of First Instance
    Case number
    HCMP1518/2013

    The court granted the applicant relief under s56(1) of the Trustee Ordinance because the Delisted Shares could not be deposited due to registrar policy after delisting, the shares had little or no value, the issuing companies were in compulsory liquidation, no claimants had come forward, and the facts were analogous to Re Piper Jaffrey, thereby justifying the order sought in the summons dated 17 September 2013.