31 Jan 2013
LU JUN v. YU QI AND OTHERS
- Citation
- LU JUN v. YU QI AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW282/2010
Court accepted petitioner was the beneficial owner of the 15 shares, rejected respondent evidence and explanations (including the payment instruction and embezzlement allegation), found the majority shareholder conducted the company's affairs in a manner unfairly prejudicial to petitioner (wrongful exclusion from management, engineered dilution attempts and attempted dissipation of assets), and therefore had jurisdiction under s.168A to order a buy‑out; accordingly a buy‑out order nisi was made against the 1st and 3rd respondents with valuation and precise terms to be fixed at a further heari…