Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Voting thresholds

Legal area

Court

10 Jan 2019

RE SINOTRANS SHIPPING LTD

Citation

[2019] HKCFI 323
Court

Court of First Instance
Case number

HCMP2240/2018

The court sanctioned the scheme because it was for a permissible privatisation purpose, the meeting was properly convened, shareholders were given sufficient information, the statutory majorities under s674(2)(a) were obtained and no opposition appeared at the hearing; the obsolete headcount test does not defeat compliance with the statutory voting thresholds.
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.