17 Dec 2018
GE QINGFU AND OTHERS v. L & A INTERNATIONAL HOLDINGS LTD AND OTHERS
- Citation
- [2018] HKCFI 2742
- Court
- Court of First Instance
- Case number
- HCMP2222/2016
The court concluded that the Disputed Options were not validly granted in accordance with the Share Option Scheme and applicable GEM Listing Rules, and that the directors' conduct evidenced improper exercise of power and breaches of fiduciary duties; accordingly the grants and resultant allotments were void or voidable and plaintiffs were entitled to relief under the Companies Ordinance.