14 Dec 2016
DENNIS KWOK HON MING v. POON SUI CHEONG ALBERT AND OTHERS
- Citation
- DENNIS KWOK HON MING v. POON SUI CHEONG ALBERT AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP1526/2013
The Majority Shareholders committed unfairly prejudicial conduct by breaching the Shareholders Agreement: they blocked Non‑Core land sales that the agreement required be approved where offers met the floor price and they removed Managers (P and R5) without the unanimous consent/compensation required by the agreement. Relief under s.168A was appropriate: the court ordered the Majority Shareholders to buy out the Petitioner’s shares (valuation assumptions specified) and to cause payment of the Manager remuneration due under Clause 4 (or be personally liable), and awarded costs nisi against the…