31 Aug 2010
ZHANG ZHI RONG v. ASIAFAIR INTERNATIONAL LTD
- Citation
- ZHANG ZHI RONG v. ASIAFAIR INTERNATIONAL LTD
- Court
- Court of First Instance
- Case number
- HCMP1441/2010
Relief under s111(2) and s122(1B) was granted because the defaults were inadvertent, the ultimate owners were aware of the companies' financial positions so shareholders suffered no prejudice, and future compliance was likely; however, relief was conditioned on an undertaking that the applicants notify The Stock Exchange and prospective investors of the order and the reasons for it.