4 Oct 2013
JUBILANCE PROPERTIES LTD v. KAM FEI INVESTMENT (HONG KONG) LTD
- Citation
- JUBILANCE PROPERTIES LTD v. KAM FEI INVESTMENT (HONG KONG) LTD
- Court
- Court of First Instance
- Case number
- HCMP2403/2013
The court granted the applications because it was satisfied on the evidence that (1) the beneficial owners were aware of the Companies' financial positions and were not prejudiced by the non-compliances, (2) the defaults were inadvertent, and (3) with professional advisers engaged the Companies were likely to comply in future; the orders were made subject to the Applicants' undertaking to disclose the non-compliances and reasons to the HKSE and to refer them in the prospectus.