In the matter of Sina Corporation [2022] CIFsd 7 (25 January 2022)
The court found that all statutory requirements were met, the scheme was fair and reasonable, and there was no evidence of coercion or unfairness. The scheme was sanctioned.
- Citation
- [2022] CIFsd 7
- Parties
- Subject Company: Sina Corporation
- Jurisdiction
- Cayman Islands
- Judgment Date
- 25 January 2022
- Procedural Posture
- Company Law Petition / Judgment
- Outcome
- scheme sanctioned
- Legal Topics
- Scheme of Arrangement, Shareholder Rights
Case Brief
Summary, issues, holding and outcome
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Parties
Sina Corporation
Subject Company
Procedural Posture
Company Law Petition / Judgment
Legal Issues
- 1 Whether the scheme of arrangement proposed by Sina Corporation should be sanctioned by the court
Ratio Decidendi
The court found that all statutory requirements were met, the scheme was fair and reasonable, and there was no evidence of coercion or unfairness. The scheme was sanctioned.
Court Disposition
scheme sanctioned
Orders
- The scheme of arrangement is sanctioned as proposed by Sina Corporation.
Full Case Text
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