Matter

Sun Chang Hua v Li Qin Xi and Giant Port (International) Investment Limited (Hong Kong High Court HCMP 1664/2024; [2026] HKCFI 5815)

Hong Kong unfair prejudice proceedings concerning a company’s investment in Danhua Capital, alleged diversion of investment returns, and the petitioner’s standing as a shareholder under section 724 of the Companies Ordinance. The court dismissed the petition and ordered costs.

Cross-border litigation

Industry type: Financial and insurance activities

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 1664/2024 dated 28 October 2026
High Court of the Hong Kong Special Administrative Region, Court of First Instance
Case no.
HCMP 1664/2024
Citation
[2026] HKCFI 5815
Decision summary
The court dismissed the amended petition because the petitioner failed to show prejudice in the capacity of a shareholder or member and therefore lacked standing under section 724 of the Companies Ordinance. The court ordered the petitioner to pay the first respondent’s costs, including previously reserved costs, on a party-to-party basis, subject to taxation if not agreed.
Participants
Sun Chang Hua
Representative
Thomas Nip (For: Sun Chang Hua)
Representative
Jason Tang (For: Sun Chang Hua)
Representative
JC LEGAL (For: Sun Chang Hua)
Li Qin Xi
Representative
Tasman Tam (For: Li Qin Xi)
Representative
Ravenscroft & Schmierer (For: Li Qin Xi)
Giant Port (International) Investment Limited
High Court of the Hong Kong Special Administrative Region, Court of First Instance
Judge
Alan Kwong
Other
Witness
He Miao Miao
Witness
Sun Guo Feng
Witness
Sun Li Li
Authorities cited
12
- Hong Kong Companies Ordinance (Cap. 622) (Companies Ordinance (Cap. 622), section 724)
  statute
- Geng Hua Zhong & Ors v Li Shu Hon & Anor [2023] HKCFI 3118
  case-law
- Bentley v Jones Harris & Company [2001] EWCA Civ 1724
  case-law
- Roopnarine v Attorney General of Trinidad and Tobago [2023] UKPC 30
  case-law
- O’Neill v Phillips [1999] 1 WLR 1092
  case-law
- Re Tobian Properties [2013] Bus. L.R. 753
  case-law
- Gamlestaden v Baltic Partners [2007] Bus. L.R. 1521
  case-law
- Albion Energy Ltd v Energy Investments Global BRL [2020] EWHC 301
  case-law
- McEwen v Combined Coast Cranes Pty Ltd [2002] NSWSC 1227
  case-law
- Re Polyresins Pty Ltd (1998) 145 FLR 141
  case-law
- Loveridge v Loveridge [2022] BCC 324
  case-law
- R&H Electric Ltd v Haden Bill Electrical Ltd [1995] 2 BCLC 280
  case-law
Source

Procedural record

Participants

Sun Chang Hua

Li Qin Xi

Giant Port (International) Investment Limited

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

Other

Authorities cited