7 Nov 2000
RE DAIDO CONCRETE (H.K.) LTD.
- Citation
- RE DAIDO CONCRETE (H.K.) LTD.
- Court
- Court of First Instance
- Case number
- HCMP4329/2000
The petition was granted because the statutory requirements of s.166 were satisfied: a single properly constituted class met in compliance with the Court's directions, shareholders holding over 80% of issued capital voted unanimously in favour, the explanation of the Scheme was adequate, there was no evidence of lack of bona fides, and the Scheme was such that an intelligent and honest shareholder might reasonably approve.