21 Apr 2006
LEE KWAN KIT v. LEE SUN LAN TOBACCO CO. AND OTHERS
- Citation
- LEE KWAN KIT v. LEE SUN LAN TOBACCO CO. AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW377/2005
The court found on the uncontested petitioner evidence that there was an irretrievable breakdown of mutual trust, exclusion of the petitioner from management, mismanagement and improper withdrawals; accordingly a case was made out to wind up the Company on the just and equitable ground and the Company should be wound up with sale of the property and distribution of net proceeds in accordance with shareholdings; costs were ordered against the opposing shareholders as specified.