In the matter of Kongzhong Corporation [2018] CIFsd 42 (06 August 2018)
The court sanctioned the scheme of arrangement as it was satisfied that all statutory requirements were met and the scheme was fair and reasonable.
- Citation
- [2018] CIFsd 42
- Parties
- Subject Company: Kongzhong Corporation
- Jurisdiction
- Cayman Islands
- Judgment Date
- 06 August 2018
- Procedural Posture
- Company Law Proceeding / Judgment
- Outcome
- scheme sanctioned
- Legal Topics
- Scheme of Arrangement, Shareholder Rights
Case Brief
Summary, issues, holding and outcome
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Parties
Kongzhong Corporation
Subject Company
Procedural Posture
Company Law Proceeding / Judgment
Legal Issues
- 1 Whether the scheme of arrangement should be sanctioned by the court
Ratio Decidendi
The court sanctioned the scheme of arrangement as it was satisfied that all statutory requirements were met and the scheme was fair and reasonable.
Court Disposition
scheme sanctioned
Orders
- The scheme of arrangement is sanctioned.
Full Case Text
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