In the matter of Kongzhong Corporation [2018] CIFsd 42 (06 August 2018)

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

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Parties

Kongzhong Corporation

Subject Company

Procedural Posture

Company Law Proceeding / Judgment

  1. 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.