22 Dec 2009
HERO RICH INTERNATIONAL LTD v. BENEFUN INTERNATIONAL HOLDINGS LTD AND OTHERS
- Citation
- HERO RICH INTERNATIONAL LTD v. BENEFUN INTERNATIONAL HOLDINGS LTD AND OTHERS
- Court
- Court of Appeal
- Case number
- CACV269/2009
The court held there was no arguable appeal because the articles did not permit withholding or deferring registration of transfers of fully paid shares in a listed company in breach of the Listing Rules, and a third party's unasserted or unadjudicated claim does not entitle the company to refuse registration; accordingly the renewed stay was refused and the summary judgment and transfer order were upheld.