27 Mar 2007
TA YANG GROUP LTD v. TA YANG SILICONE RUBBER INDUSTRIAL CO LTD
- Citation
- TA YANG GROUP LTD v. TA YANG SILICONE RUBBER INDUSTRIAL CO LTD
- Court
- Court of First Instance
- Case number
- HCMP446/2007
The court granted the applications because the breaches were inadvertent, caused by reliance on former officers, there was no wilful default or demonstrated prejudice to shareholders, remedial steps had been taken (accounts prepared/adopted and shareholder consents obtained), and the order was necessary to satisfy the Stock Exchange’s requirement for rectification.