7 May 2004
NG CHING KEUNG v. WAH HIP ENGINEERING CO LTD AND ANOTHER
- Citation
- NG CHING KEUNG v. WAH HIP ENGINEERING CO LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA3379/2002
The court preferred the plaintiff's evidence and found that the payments were advances/loans rather than payment for a share purchase at HK$1.2 million; the Bought and Sold Note recorded the 30-share transfer consideration as HK$300,000 and the HK$600,000 paid to the 2nd Defendant was a personal loan; accordingly the defendants' defences were dismissed and judgment entered for the plaintiff for specified sums with interest and costs.