Australia, March 26 -- New South Wales Land and Environment Court issued text of the following judgement on Feb. 26:
1. In these two related proceedings, One Pro Investment Group Pty Limited seeks orders setting aside two statutory demands which were dated 8 August 2024 and were issued by, respectively, APEA Asset Management Pty Limited and Mr Chunhua Ma.
2. APEA is a company associated with Mr Ma. His daughter, Ms Isabella Ma, is APEA's sole director and shareholder.
3. The statutory demand which was issued by APEA (the APEA Demand) claimed an amount of $4m as being due and payable. The description of the debt was as follows:
"Funds transferred to [One Pro Investment] on 21 November 2023 and repayable as a debt on restitutionary ground...