10 Feb 2023
RE QUASAR SECURITIES CO LTD
- Citation
- [2023] HKDC 196
- Court
- District Court
- Case number
- DCMP4904/2022
The court was satisfied that the applicant holds the unclaimed assets on trust, that it made reasonable efforts to contact beneficiaries, and accordingly granted the ex parte application permitting forfeiture of small-sum cash for specified clients, realization of saleable securities and deposit of proceeds into court, and ordering the payment of the remainder of the cash into court with directions for notice and procedural compliance; costs were fixed at HK$60,000.