17 Jul 2008
CHOI TAK LAN AND OTHERS v. NG WING HONG AND ANOTHER
- Citation
- CHOI TAK LAN AND OTHERS v. NG WING HONG AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP2670/2006
The court found on the balance of probabilities that the directors agreed at the 12 November 2004 meeting to call further capital and allotment; contemporaneous emails, worksheets prepared by the company secretary, and subscription payments by representatives demonstrate consent; beneficial ownership findings (shares held on behalf of Denny and William) establish shareholder consent; consequently the November 2004 allotment of 237,436 shares and corresponding transfers were valid and the plaintiffs' claims were dismissed.