19 Feb 2014
MANDECLY LTD AND ANOTHER v. HAO WEI AND OTHERS
- Citation
- MANDECLY LTD AND ANOTHER v. HAO WEI AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA1216/2002
The court awarded damages of RMB100,420,000 for the 33 flats (valued as at 23 November 2012) with interest at prime plus 1% per annum from that date until the date of decision and judgment-rate interest thereafter; declared that the plaintiffs hold an unpaid vendor's lien over the 1,000,000 shares in the 3rd defendant which extends to secure the assessed damages and interest; and ordered the shares to be sold by public tender notwithstanding the 5th defendant's pledge/possession of share certificates because the plaintiffs' lien predated the 5th defendant's security and the 5th defendant take…