18 Oct 2007
KING FUNG CONSTRUCTION WORK CO LTD v. YIP KWAI CHOR AND ANOTHER
- Citation
- KING FUNG CONSTRUCTION WORK CO LTD v. YIP KWAI CHOR AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA2183/2004
The court held that the correct valuation date is the petition date, 29 July 2004; the valuer must be a certified public accountant to value the 3,000 shares by reference to assets, profitability and future prospects without discount for minority holding; the valuer must account for the petitioners entitlement to 50% of profits and specified repayments/diversions; interest on the purchase price is awarded from valuation date at specified rates; and specified orders for purchase, provision of documents, costs and liberty to apply were made.