28 Jul 2025
LEE KA MAN v. NG TSZ MAN AND OTHERS
- Citation
- [2025] HKDC 1241
- Court
- District Court
- Case number
- DCCJ2840/2023
Court found defendants made the Pingu, Shanghai shareholder and licence representations; those representations were objectively false; plaintiff reasonably relied on them and was induced to invest; defendants (including the company) knew of the falsity or were reckless as to truth, attracting liability for deceit and, separately, s3 Misrepresentation Ordinance liability for the company; plaintiff's out-of-pocket loss equals the payments of HK$1,466,001.82 and judgment was entered jointly and severally with interest and costs nisi.