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Press Summary (English)
Press Summary (Chinese)
FACV Nos 7, 8 & 9 of 2024
[2025] HKCFA 6
FACV No. 7 of 2024
IN THE COURT OF FINAL APPEAL OF THE
HONG KONG SPECIAL ADMINISTRATIVE REGION
FINAL APPEAL NO. 7 OF 2024 (CIVIL)
(ON APPEAL FROM CACV NO. 184 OF 2023)
________________________
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BETWEEN
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NUOXI CAPITAL LIMITED
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Plaintiff (Respondent)
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(諾熙資本有限公司)
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(IN LIQUIDATION IN THE BRITISH VIRGIN ISLANDS)
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and
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PEKING UNIVERSITY FOUNDER GROUP COMPANY LIMITED
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Defendant (Appellant)
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(北大方正集團有限公司)
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________________________
FACV No. 8 of 2024
IN THE COURT OF FINAL APPEAL OF THE
HONG KONG SPECIAL ADMINISTRATIVE REGION
FINAL APPEAL NO. 8 OF 2024 (CIVIL)
(ON APPEAL FROM CACV NO. 185 OF 2023)
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BETWEEN
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HONGKONG JHC CO., LIMITED
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Plaintiff
(Respondent)
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(香港京慧誠有限公司)
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(IN LIQUIDATION)
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and
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PEKING UNIVERSITY FOUNDER GROUP COMPANY LIMITED
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Defendant
(Appellant)
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(北大方正集團有限公司)
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________________________
FACV No. 9 of 2024
IN THE COURT OF FINAL APPEAL OF THE
HONG KONG SPECIAL ADMINISTRATIVE REGION
FINAL APPEAL NO. 9 OF 2024 (CIVIL)
(ON APPEAL FROM CACV NO. 186 OF 2023)
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BETWEEN
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KUNZHI LIMITED
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Plaintiff
(Respondent)
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(坤智有限公司)
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(IN LIQUIDATION IN THE BRITISH VIRGIN ISLANDS)
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and
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PEKING UNIVERSITY FOUNDER GROUP COMPANY LIMITED
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Defendant
(Appellant)
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(北大方正集團有限公司)
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(Heard together)
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Before:
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Chief Justice Cheung, Mr Justice Ribeiro PJ, Mr Justice Fok PJ, Mr Justice Lam PJ and Mr Justice Allsop NPJ
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Date of Hearing:
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10 February 2025
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Date of Judgment:
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19 March 2025
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J U D G M E N T
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Chief Justice Cheung:
1.
I agree with the judgment of Mr Justice Allsop NPJ.
Mr Justice Ribeiro PJ:
2.
I agree with the judgment of Mr Justice Allsop NPJ.
Mr Justice Fok PJ:
3.
I agree with the judgment of Mr Justice Allsop NPJ.
Mr Justice Lam PJ:
4.
I agree with the judgment of Mr Justice Allsop NPJ.
Mr Justice Allsop NPJ:
Introduction and the issue
5.
The three appeals before the Court that were heard together arise from the failure of a commercial group of companies of which the Appellant, the Peking University Founder Group Company Limited (
PUFG
or
the
Company
) is the ultimate parent. PUFG, a Mainland company, is now under re-organisation by Administrators pursuant to an order made by the Beijing No 1 Intermediate Pe
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