HCA 1221/2006IN THE HIGH COURT OF THEHONG KONG SPECIAL ADMINISTRATIVE REGIONCOURT OF FIRST INSTANCEACTION NO. 1221 OF 2006____________BETWEEN PINE ENTERPRISES LIMITED Plaintiffand CYBER STRATEGY LIMITED 1st Defendant LECTURE KIT COMPANY LIMITED 2nd Defendant and WOO PAK HAY EDWARD 1st Third Party LAW SHIU KAI ANDREW 2nd Third Party ____________HCCW 593/2005IN THE HIGH COURT OF THEHONG KONG SPECIAL ADMINISTRATIVE REGIONCOURT OF FIRST INSTANCECOMPANIES WINDING-UP PROCEEDINGS NO. 593 OF 2005____________IN THE MATTER of Union Resources (Educational Development) LimitedAND IN THE MATTER of Sections 168A and 177(1)(f) of the Companies Ordinance (Cap 32)BETWEEN PINE ENTERPRISES LIMITED Petitionerand LECTURE KIT COMPANY LIMITED 1st Respondent UNION RESOURCES 2nd Respondent(EDUCATIONAL DEVELOPMENT) LIMITED____________(HCA 1221/2006 and HCCW 593/2005 are heard and tried together pursuant to the order of High Court Judge Poon dated 31 July 2007)Before: Deputy High Court Judge To in CourtDates of Hearing: 17 - 21, 24 - 25, 27 - 28 September 2007, 2 - 3 October 2007, 5 - 6, 8 - 9, 12 - 14 November 2007, 4, 7 - 8, 14, 30 - 31 January 2008 and 1, 4 February 2008 Date of Judgment: 14 March 2008_______________J U D G M E N T_______________INTRODUCTION1. This is a trial of two actions, namely HCCW 593/2005 and HCA 1221/2006, ordered to be tried together pursuant to the order of Poon J. The dispute arose out of four agreements in connection with the sale by Pine Enterprises Limited (“Pine”) of its shares in Union Resources (Educational Development) Limited (“UR Limited”) to Lecture Kit Company Limited (“Lecture Kit”). The shares in UR Limited were duly transferred to Lecture Kit on 13 May 2003. Pine complained o...
