LEGAL PROCEEDINGS.
−Removed: As of June 30, 2024, the Company involved with
−Removed: various legal proceedings:
+Added: of September 30, 2024, the Company involved with various legal proceedings:
HCA702/2018 On March 27, 2018,
8 unchanged sentences
HCA765/2019 On April 30,
−Removed: the writ of summons was issued against the Company’s subsidiary, three related companies and the former directors, shareholders
−Removed: and financial consultant by the Plaintiff.
−Removed: This action alleged the deceit and misrepresentation from an inducement of the fund subscription
−Removed: and claimed for compensatory damage of approximately $2 million (equal to HK$17.1 million).
−Removed: On April 18, 2024, the court made an order
−Removed: that the plantiff shall set the case down for trial on or before July 6, 2024 for a 7 days trial before a judge and there shall be a pre-trial
−Removed: review before the trial judge on a date 12 weeks before the trial.
−Removed: The plantiff and the defendants agreed on a time extension until August
−Removed: 8, 2024 to set the case down for trial.
−Removed: The case is on-going and parties have yet to attempt mediation.
−Removed: Legal counsel of the Company will
−Removed: continue to handle this matter.
−Removed: At this stage in the proceedings, it is unable to determine the probability of the outcome of the matter
−Removed: or the range of reasonably possible loss, if any.
+Added: 2019, the writ of summons was issued against the Company’s subsidiary, three related companies and the former directors,
+Added: shareholders and financial consultant by the Plaintiff.
+Added: This action alleged the deceit and misrepresentation from an inducement of
+Added: the fund subscription and claimed for compensatory damage of approximately $2 million (equal to HK$17.1 million).
+Added: On April 18, 2024,
+Added: the court made an order that the plaintiff shall set the case down for trial on or before July 6, 2024 for a 7 days trial before a
+Added: judge and there shall be a pre-trial review before the trial judge on a date 12 weeks before the trial.
+Added: The plaintiff and the
+Added: defendants agreed on a time extension until August 8, 2024 to set the case down for trial.
+Added: On August 9, 2024, the Court made an
+Added: order that the case be adjourned to January 14, 2025 for another case management conference.
+Added: The case is on-going and parties have
+Added: yet to attempt mediation.
+Added: Legal counsel of the Company will continue to handle this matter.
+Added: At this stage in the proceedings, it is
+Added: unable to determine the probability of the outcome of the matter or the range of reasonably possible loss, if any.
Action Case :
19 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.