Electronic Control Technology Limited v Cobo Asia Limited and Cobo S.p.A. (High Court of Hong Kong HCMP 362/2021)

Procedural record

1. 12 May 2026Hong Kong

   12 May 2026Hong Kong

   Judgment of the High Court of the Hong Kong Special Administrative Region, Court of First Instance in the case HCMP 362/2021 dated 12 May 2026

   High Court of the Hong Kong Special Administrative Region, Court of First Instance

   Case no.

   HCMP 362/2021

   Citation

   [2026] HKCFI 2696

   Decision summary

   The Court made a buy-out order requiring Cobo S.p.A. to purchase Electronic Control Technology Limited's 40% shareholding in Cobo Asia Limited at fair market value on the basis that the company was a going concern and without a minority discount.

   5 months and 16 days later · 169 days

2. 28 October 2026Hong Kong

   28 October 2026Hong Kong

   Judgment of the High Court of the Hong Kong Special Administrative Region, Court of First Instance in the case HCMP 362/2021 dated 28 October 2026

   High Court of the Hong Kong Special Administrative Region, Court of First Instance

   Case no.

   HCMP 362/2021

   Citation

   [2026] HKCFI 6035

   Decision summary

   The Court dismissed Cobo S.p.A.'s summons for leave to adduce an affidavit, holding that the directions hearing was not an occasion to introduce new evidence or valuation opinions, and ordered costs to Electronic Control Technology Limited. It held that the valuation date for ECT's 40% shareholding was 20 October 2020, awarded interest at 1% over the prevailing HSBC prime lending rate until payment of the buy-out price, and gave directions for a court-appointed valuation expert.

   Participants

   Application

   Cobo S.p.A.'s summons dated 19 August 2026 for leave to adduce an affidavit of Linetti — Dismissed with costs payable by Cobo S.p.A. to Electronic Control Technology Limited

   Electronic Control Technology Limited

   Representative

   Martin Ho (For: Electronic Control Technology Limited)

   Representative

   John Cheung (For: Electronic Control Technology Limited)

   Representative

   Anthony Siu & Co. (For: Electronic Control Technology Limited)

   Cobo Asia Limited

   Cobo S.p.A.

   Representative

   Henry Cheng (For: Cobo S.p.A.)

   Representative

   Emily Ting (For: Cobo S.p.A.)

   Representative

   Lewis Silkin (For: Cobo S.p.A.)

   High Court of the Hong Kong Special Administrative Region, Court of First Instance

   Judge

   Linda Chan

   Authorities cited

   22

   • Companies Ordinance (Chapter 622) (Sections 724 and 725)
     statute
   • Rules of the High Court (Order 41 rule 1)
     rules
   • CS v HKR ([2025] 2 HKC 340)
     case-law
   • Eugene Jae-hoon Oh v Kate Gaskell Richdale ([2003] 4 HKC 318)
     case-law
   • Profinance Trust SA v Gladstone ([2002] 1 WLR 1024)
     case-law
   • Re Sound Global Ltd ([2025] HKCFI 2052)
     case-law
   • Dinglis v Dinglis ([2019] EWHC 3327)
     case-law
   • Re PHB Ethical Beauty Ltd ([2025] 1 BCLC 433)
     case-law
   • Re Integrated Control Solutions (Eastern) Ltd ([2021] EWHC 1374 (Ch))
     case-law
   • Re Phoenix Contracts (Leicester) Ltd ([2010] EWHC 2375 (Ch))
     case-law
   • Dinglis v Dinglis ([2020] EWHC 1363 (Ch))
     case-law
   • JP Morgan International Finance Ltd v Werealize.Com Ltd ([2025] BCC 570)
     case-law
   • Re Bird Precision Bellows Ltd ([1986] Ch 658)
     case-law
   • Re Goldsfine Development Ltd ([2013] 5 HKLRD 318)
     case-law
   • Re Tai Lap Investment Co Ltd ([1999] 1 HKLRD 384)
     case-law
   • Re Maxtop International Investment Ltd ([2014] 4 HKLRD 416)
     case-law
   • Polyset Ltd v Panhandat Ltd (FACV 28/2000, 25 April 2002)
     case-law
   • Lo Yuk Sui v Fubon Bank (Hong Kong) Ltd ([2019] HKCA 1345)
     case-law
   • Re Money Facts Ltd ([2025] HKCFI 1009)
     case-law
   • Krishna Holdco Ltd v Gowrie Holdings Ltd ([2025] EWHC 1542 (Ch))
     case-law
   • Re Power Hong Kong Ltd ([2023] 5 HKLRD 369)
     case-law
   • Re Golden Bright Ltd ([2007] 1 HKC 89)
     case-law