8 Jul 2015
WONGS INVESTMENT DEVELOPMENT HOLDINGS GROUP LTD (In Liquidation) v. CHINA KINGSTONE MINING HOLDINGS LTD AND ANOTHER
- Citation
- WONGS INVESTMENT DEVELOPMENT HOLDINGS GROUP LTD (In Liquidation) v. CHINA KINGSTONE MINING HOLDINGS LTD<br>AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP1472/2015
On the interim application the court concluded there was a strongly arguable (prima facie) binding contract arising from the petitioner's valid acceptance of the open offer under the terms of the prospectus and Listing Rules; the petitioner would likely suffer irreparable harm not adequately compensable by damages; no sufficient explanation justified the board's discretionary refusal to allot; accordingly the interim injunction continuing the order restraining allotment to the underwriter and preserving the petitioner's entitlement was appropriate and was continued.