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Jimmy Chan Yuen Tung v Ko Kin Hang
HK Court of First Instance, 13-Sep-2018
Mr Chan's claim is dismissed. He alleged that in Apr-2013, Mr Ko orally agreed to transfer at cost to him or his nominee 112m warrants which had been issued by China Zenith Chemical (0362) in a placing at only $0.002 per warrant the previous month. Mr Chan was the largest shareholder of China Zenith. We note that if the warrants had been issued to him directly, then it would have been a connected transaction.