6 Apr 2009
RE PCCW LTD
- Citation
- RE PCCW LTD
- Court
- Court of First Instance
- Case number
- HCMP2382/2008
The court refused to disenfranchise or disregard the impugned votes en masse because the evidence did not plainly establish manipulation sufficient to negate bona fides of the statutory majority; where some targeted misconduct was proved (findings against certain brokers/actors), that did not undermine the overall statutory majority or justify refusing sanction; accordingly the court exercised its discretion to sanction the Scheme and confirm the reduction of capital.