12 Nov 2013
KWOK CHAN CHEUNG v. VALENCE TECHNOLOGY LTD
- Citation
- KWOK CHAN CHEUNG v. VALENCE TECHNOLOGY LTD
- Court
- Court of First Instance
- Case number
- HCMP1491/2013
The court exercised its discretion to grant relief under ss111 and 122 because on the facts the breaches were largely inadvertent or isolated, affected shareholders were aware or could be treated as represented and not prejudiced, and adequate steps had been taken to ensure future compliance; facilitation of the pending listing was a legitimate factor among others justifying relief.