10 Aug 2015
ZHANG YUZHEN v. YANG YUEXIANG AND OTHERS
- Citation
- ZHANG YUZHEN v. YANG YUEXIANG AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA157/2015
Although the plaintiff established a serious issue to be tried (including plausibly improper concealment and potential misappropriation of the Company’s sole asset and arguable claims against the purchaser), the balance of convenience favoured allowing the sale and operation of ZJ to continue to protect the company's going concern value; accordingly the court partially discharged the ex parte injunction (paras 1 and 3) but continued paragraph 2 and ordered the purchaser to place the outstanding balance into court.