12 Mar 2025
LIU QIUHUA v. XIANG XIN AND OTHERS
- Citation
- [2025] HKCFI 1048
- Court
- Court of First Instance
- Case number
- HCMP29/2025
The court held that the 1st and 2nd Decisions to postpone and then adjourn the requisitioned EGM were made for improper purposes to entrench the incumbent board and were therefore in breach of fiduciary duties and voidable; the alleged illegality of the Requisitionists' funding was irrelevant to their status as shareholders and did not justify delaying the EGM; declarations and mandatory and prohibitory injunctions were granted compelling the Company and directors to give notice and hold the EGM within specified timeframes and restraining interference with the EGM, and the directors were orde…