31 Aug 2010
HEAD PARK GROUP LTD v. ASIAFAIR INTERNATIONAL LTD
- Citation
- HEAD PARK GROUP LTD v. ASIAFAIR INTERNATIONAL LTD
- Court
- Court of First Instance
- Case number
- HCMP1435/2010
The court granted the applications to extend time under s111(2) and s122(1B) because the defaults were inadvertent, the ultimate owners were aware of the companies' financial positions so shareholders were not prejudiced, and there was a satisfactory prospect of future compliance; relief was conditional on an undertaking to notify The Stock Exchange of Hong Kong Limited of the order and reasons in connection with the proposed listing to ensure transparency.