14 Jun 2017
Relevant employees whose shares in China Shanshui Investment Company Limited held by ZHANG CAIKUI on trust (Please refer to Schedule 1 attached to the Writ of Summons for names of the relevant employees) AND ANOTHER v. ZHANG CAIKUI AND ANOTHER
- Citation
- Relevant employees whose shares in China Shanshui Investment Company Limited held by ZHANG CAIKUI on trust (Please refer to Schedule 1 attached to the Writ of Summons for names of the relevant employees) AND ANOTHER v. ZHANG CAIKUI AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA939/2015
The application was dismissed because the applicants failed to meet the heavy onus required to justify court intervention: no evidence of lack of good faith or legal error by the receivers; the general mandate had not been exercised in the alleged prejudicial manner; the receivers gave an undertaking not to vote to dilute CSI; and the matter could be addressed by shareholders at general meeting or in the pending removal application.