27 Apr 2026
GIANT HARVEST LTD v. NAN HAI CORPORATION LTD AND ANOTHER
- Citation
- [2026] HKCFI 2034
- Court
- Court of First Instance
- Case number
- HCA2560/2018
The court implied limited but necessary terms into the SPA that the parties must use best or reasonable endeavours to agree the Closing Audit within six months or, at latest, within a reasonable time (construed as one year from Closing Date) so the Third Guarantee Amount could be ascertained; True Vision breached those implied obligations by failing to pursue and particularise audit queries and is bound by the Closing Audit; Giant Harvest entitled to US$37,434,469 as Third Guarantee Amount and RMB3,010,000 Yabao Settlement Sum; True Vision entitled to RMB380,000,000 Compensation for MIXC non-…