3 Jul 2007
YEUNG KWOK KIN v. YEUNG KWOK KEUNG AND OTHERS
- Citation
- YEUNG KWOK KIN v. YEUNG KWOK KEUNG AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP1303/2006
The court ordered that the property be sold by public tender (accepting expert opinion that tender would likely achieve the best price), set the reserve price on the basis of the latest expert valuation (Figure A) but discounting the 10% Hope Value and rounding to the nearest ten-million place (RP Figure to be kept confidential), appointed Messrs Wilkinson & Grist to conduct the sale, required a deposit equal to 1.2% of the reserve price to be paid by owners in proportion to their shares, and directed that all parties' costs be paid from the sale proceeds and taxed on a common fund basis.