8 Oct 1998
HWANG DA-LIN AND ANOTHER v. WONG CHING MAN AND OTHERS
- Citation
- HWANG DA-LIN AND ANOTHER v. WONG CHING MAN AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW643/1996
The petitioner established unfairly prejudicial conduct by the controlling family members (misapplication of TLI funds to benefit Sea Giant, wrongful write‑offs, misappropriation of cash rental, usurpation of director powers and continuing advances after proceedings) justifying relief under s.168A. The court ordered a buy‑out of the petitioner’s 30% holding with valuation to be assessed as at the petition date (1 November 1996) subject to adjustments to disregard effects of oppressive conduct (include Sea Giant advances, interest subsidies, Pointe Claire write‑off, advances after the TLC peti…