The court grants Mr Hui's application to amend his defence, adding a claim that even if he has been in breach of his duty (which is denied), the Articles of the company indemnify him under Cayman law.
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SFC v Roger Thomas Best & others
HK Court of First Instance, 10-Nov-2017
Mr Best fails in his attempt to have the SFC's petition against him struck out.
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SFC seeks compensation and disqualification orders against Freeman (0279) directors
SFC, 07-Oct-2016
At last, a bit of action on part of what we call the "Chung Nam Network". The SFC is pursuing 4 current and 8 former directors.
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Breaking: SFC petitions against directors of Freeman (0279)
Company announcement, 07-Oct-2016
The petition, not yet published, seeks disqualification and compensation orders against 4 respondents relating to the aborted investment in Liu's holdings in 2010/11, which caused a loss to Freeman of HK$76.8m. At the time, Quincy Hui Kwong Hei and Lo Kan Sun were Managing Directors, Sue Au Shuk Yee was Executive Director and Agustin V Que was an INED of Freeman.
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Penta Investment Advisers Ltd v Allied Weli Development Ltd
HK Court of Appeal, 11-Dec-2015
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Penta Investment Advisers Ltd v Allied Weli Development Ltd
HK Court of Appeal, 18-Aug-2015
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Penta Investment Advisers Ltd v Allied Weli Development Ltd
HK Court of First Instance, 14-Oct-2014
Penta successfully sues a BVI company at the centre of what we call the "Chung Nam Network" over a guarantee of a profit from a subscription of shares in Mascotte (0136) which followed a heavy loss on an earlier subscription in Freeman (0279). The claimed quantum is HK$211m. After a restructuring, Allied Weli is now a 100% subsidiary of HEC Capital Ltd.