4 Nov 2022
TRIUNION (H.K.) CEREAL & OIL CO LTD v. APAC INVESTMENT HOLDINGS LTD AND OTHERS
- Citation
- [2022] HKCFI 3326
- Court
- Court of First Instance
- Case number
- HCA1366/2017
The 2nd Deed and Instrument of Transfer obligated defendants to transfer 21,163,819 ListCo shares as constituted on the contract date (par value HK$0.1); the share subdivision was not part of the contractual background known to plaintiff and could not be read in by notice or estoppel; the 3rd Defendant orchestrated the subdivision and concealed its effect, inducing breach and/or participating in unlawful means conspiracy; plaintiff’s loss equals the difference between the value of undiluted entitlement and the value of the diluted shares actually received, assessed at HK$108,147,115.09.