1 Aug 2025
SUNNI INTERNATIONAL LTD (in liquidation) v. WIN HARVEST ENTERPRISES LTD
- Citation
- [2025] HKCFI 3398
- Court
- Court of First Instance
- Case number
- HCA2380/2018
The court found on the balance of probabilities that Francis Kao, as sole and later de facto director, fraudulently breached his fiduciary duties and misappropriated Sunni’s assets after orchestrating the disposal of the 585m Imagi shares; corporate defendants (Win Harvest, Unicorn, Big Plan, Famewell) received proceeds and acted as knowing recipients and dishonest assistants and are liable to Sunni; Michael Kao, though not party to the entire conspiracy, was liable for fraudulent breach as authorised signatory for disposal of 99m shares and certain cheque transactions; Alex Lo was a knowing…