31 Aug 2010
MEGA NEW INTERNATIONAL LTD v. WELLBO HOLDINGS LTD
- Citation
- MEGA NEW INTERNATIONAL LTD v. WELLBO HOLDINGS LTD
- Court
- Court of First Instance
- Case number
- HCMP1439/2010
Extensions of time under s.111(2) and s.122(1B) will be granted where defaults are inadvertent, shareholders are not prejudiced (notably where ultimate owners were aware of financial position), and there is a satisfactory prospect of future compliance; such relief may be conditioned on an undertaking to notify the Stock Exchange and prospective investors of the order and reasons.