30 Jan 1995
In re SWEE KHENG PROPERTIES LTD.
- Citation
- In re SWEE KHENG PROPERTIES LTD.
- Court
- Court of First Instance
- Case number
- HCCW468/1994
The court stayed the winding-up petition and ordered the majority shareholder (Mr Lim) to purchase the petitioner’s 25% shares at a valuation reflecting the company’s value as at the date of the petition (vacant possession), with deductions for mortgage and relevant payments; payment and transfer to occur concurrently within 10 days of valuation; costs awarded against the respondent.