IN THE HIGH COURT OF THE
HONG KONG SPECIAL ADMINISTRATIVE REGION
COURT OF FIRST INSTANCE
MISCELLANEOUS PROCEEDINGS NO 1518 OF 2013
D E C I S I O N
1. On 16 July 2013, this court gave a judgment allowing the application of A One Investment Co Ltd (“Company”) to pay and depositcertain unclaimed cash and securities, which belong to its customers with whom it had lost contact, into court.
2. Save for some shares in 3 delisted companies (“DelistedShares”), the order made pursuant to that judgment (“Order”), includingthe advertisement of the same, has been complied with.
3. The application now before this court is to deal with the Delisted Shares. The reason why those shares cannot be deposited withthe court has been explained succinctly in the 2nd affirmation of Lee Alysia Ann filed on 18 September 2013. In short, once a company has been delisted the share registrar (Hong KongSecurities Clearing Co Ltd) would no longer provide share re-registration or splitting services to the registered shareholders. Theconsequence is that the Company is unable to obtain the share certificates for purpose of meeting the Order.
4. The evidence is that the Delisted Shares are no longer traded in the market and they are of little or no monetary value. No onehas come forward to claim them. The companies in question are in compulsory liquidation.
5. The circumstances of this case are very similar to those of Re Piper Jaffrey Asia Securities Ltd (in Liq)  2 HKLRD 835.
6. I am satisfied that a proper case has been made out for relief pursuant to s 56(1) of the Trustee Ordinance, Cap 29 and I make the order sought in the Summons dated 17 September 2013.
Ms Rachel Tam of Wilkinson & Grist, for the applicant