7 Jun 2024
RE PUBLIC SECURITIES LTD
- Citation
- [2024] HKCFI 1526
- Court
- Court of First Instance
- Case number
- HCMP601/2024
The court held that the Unclaimed Assets are trust property, the applicant had taken all reasonable steps to locate and notify beneficiaries, and it was appropriate to exercise the court’s discretion under s.62 to pay cash into court and deposit share certificates, and under s.56 to permit sale of shares where certificates cannot be obtained and forfeiture of delisted shares where justified.