13 Feb 2025
CHU KONG v. LAU WING YAN
- Citation
- [2025] HKCFI 532
- Court
- Court of First Instance
- Case number
- HCA228/2017
On the balance of documentary evidence and inherent probabilities the court found the PB companies (including New PB companies) were operated and beneficially owned on a joint basis between Lau and Chu (50:50); the 2007 reorganisation reflected and confirmed that joint ownership; there was no concluded oral PB Restructuring agreement in January 2014; Topmove’s beneficial 50% shares belong to Lau (Declaration of Trust and accounting trace); the US$9,172,689.94 and related transfers derived from PB group funds routed via CMH/Topmove; and the Loan Agreement and Debenture were collateral protecti…