16 May 2017
KOO MING KOWN v. PACIFIC ONLINE LTD
- Citation
- KOO MING KOWN v. PACIFIC ONLINE LTD
- Court
- Court of First Instance
- Case number
- HCA2333/2016
The plaintiff, being neither a shareholder nor beneficially interested in the company, lacks locus standi; listing rules and SFO s214 do not create a private law duty on a listed company to answer enquiries from a potential investor; accordingly the statement of claim disclosed no reasonable cause of action, was frivolous and vexatious and an abuse of process and must be struck out; the registrar's orders dismissing the claim, adjournment and discovery were upheld and the appeal dismissed with costs.