MEIDI INVESTMENT HOLDING LTD V. BSC CAPITAL LTD AND OTHERS

[2024] HKCFI 2207 Court of First Instance 28 August 2024 • HCA1445/2021 • 23 min read

7 cases cited (0 HK, 7 foreign)

Outcome

Application allowed

The Summons is allowed.

Source: [2024] HKCFI 2207, Court of First Instance, decided 28 August 2024. Read directly from the judgment.

Practice Areas

Securities & Investments Theft, Fraud & Dishonesty

Judges (1)

Laurence Li Coram

Counsel (6)

Angela Ho & Associates Firm Clifford Chance Firm Jose Maurellet Counsel Plaintiff Leticia Tang Counsel Plaintiff Stephen Keung Counsel Defendant Vincent Lung Counsel Plaintiff

Parties (9)

Bsc Capital Ltd Defendant Echelon Wealth Partners Inc Defendant Elco Securities Limited Defendant Meidi Investment Holding Limited Plaintiff Person or Persons unknown who is/are the account holder(s) of a securities account or accounts with CITIC Securities Brokerage (HK) LTD in which 2,233,000 shares of Datang Group Holdings Limited (stock code: 2117.HK) or part thereof were transferred from the 4 th Defendant from on or about 28 May 2021 to on or about 23 July 2021 Defendant Person or Persons unknown who is/are the account holder(s) of a securities account or accounts with Goldman Sachs (Asia) Securities Limited in which 9,576,000 shares of Datang Group Holdings Limited (stock code: 2117.HK) or part thereof were transferred from the 4 th Defendant from on or about 11 June 2021 to on or about 26 August 2021 Defendant Person or Persons unknown who is/are the account holder(s) of a securities account or accounts with Instinet Pacific Limited in which 4,975,000 shares of Datang Group Holdings Limited (stock code: 2117.HK) or part thereof were transferred from the 4 th Defendant from on or about 26 May 2021 to on or about 16 August 2021 Defendant Weiser Global Capital Markets Ltd Defendant Zundiao Securities Limited Defendant

Cases Cited (7)

UK (3)

[2001] UKHL 64 [2002] 1 All ER 749 [2021] EWHC 692

HK (4)

[2008] 5 HKLRD 631 [2019] HKCFI 826 [2021] HKCFI 1367 [2022] HKCFI 1031

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MEIDI INVESTMENT HOLDING LTD V. BSC CAPITAL LTD AND OTHERS

Judgment

Read the full judgment on the official Hong Kong Courts portal.

Source: HKLII ([2024] HKCFI 2207)