16 Jan 2026
YAU WAH HING AND ANOTHER v. YUEN SO YING, the Executrix of the Estate of YUEN KAY MING, deceased
- Citation
- [2026] HKCFI 339
- Court
- Court of First Instance
- Case number
- HCA4252/2003
The Court held that the proper subject of valuation was the Licence valued by reference to economic benefits generated to Winlite and that the Income Approach using the Gordon Growth Model was appropriate on the facts; severance payments of 2010 and other one‑off items caused by the Defendant's wrongful conduct were excluded, a WACC of 9% was adopted with an aggregate lack‑of‑marketability and size discount of 35%, and on those assumptions the Plaintiffs' 18.5% interest in the Licence as at 24 February 2010 was valued at HK$4,185,264.