2 Aug 2024
RICH REGION HOLDINGS LTD v. GOLD BRILLIANT INVESTMENT LTD AND OTHERS
- Citation
- [2024] HKCFI 2034
- Court
- Court of First Instance
- Case number
- HCMP1764/2023
The documented loan agreement and purported share charge were sham instruments created as a pretext to sequester Gold Brilliant’s shares; no monies were advanced by Great Bliss, the charge was inoperative, and consequently the assignment to Seashore conveyed no legal or equitable interest in the shares; therefore declarations that the loan and charge were shams and that Seashore acquired no interest are warranted, and specified sums remain due from Gold Brilliant to Rich Region and Concept Pioneer.