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THE High Court yesterday dismissed claims by a cable-making firm that two of its former executives had cost it hundreds of thousands of dollars in lost production after they breached service agreements. Mainboard-listed Hengxin Technology which makes cables for mobile communications and telecommunications equipment in China, in April sued former chief executive Qian Lirong for temporarily crippling output by closing a factory, and for refusing to hand over to the new management. It also claimed that Mr Qian breached his contract by starting a rival company and luring Hengxin staff to join it.
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