23 May 2017
SONG LIAN ZHONG AND OTHERS v. CHAN SZE WAN AND OTHERS
- Citation
- SONG LIAN ZHONG AND OTHERS v. CHAN SZE WAN AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA277/2013
The court found the Agreed Arrangement established: the defendants held the original 49% (now 46%) shareholding in CNTG BVI on trust for Song; the Senior Officials and Buyback representations were made and induced Samson's investment; declaration granted that Song is the beneficial owner of the 46% and an order made for transfer of the shares; Samson's primary claim for return of RMB130,000,000 was dismissed because he remains beneficial owner of 3% and no valuation evidence or rescission was pleaded; valuation/quantification issues are to be pursued in the BVI proceedings; costs awarded to p…