28 Sept 2002
MANDECLY LTD. AND ANOTHER v. HAO WEI AND OTHERS
- Citation
- MANDECLY LTD. AND ANOTHER v. HAO WEI AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA1216/2002
There is a serious question to be tried concerning the unpaid RMB12,000,000 and the operation of the Letter of Undertaking; however, on balance of convenience an interlocutory injunction should be granted restraining the defendants from disposing or dealing with shares in the 3rd defendant, subject to a specific carve-out permitting the defendants to enter the disclosed RMB30,000,000 loan agreement with Hua Ke to enable payment to Xin Xing and possible discharge of the asset preservation order; other contested issues (including land grant fee liabilities and alleged misrepresentations and pen…