31 Aug 2010
ZHANG ZHI RONG v. SINWELL (H.K.) LTD
- Citation
- ZHANG ZHI RONG v. SINWELL (H.K.) LTD
- Court
- Court of First Instance
- Case number
- HCMP1444/2010
The court granted the extensions because the defaults were inadvertent, the ultimate beneficial owners were aware of the companies' financial positions so there was no prejudice to shareholders, the applicants provided satisfactory undertakings as to future compliance, and a condition requiring disclosure to the Stock Exchange and prospective investors appropriately balances corporate governance concerns with the commercial need to proceed with the proposed listing.