1 Jun 2021
NATURAL SEASONING INTERNATIONAL (HK) LTD (formerly known as CHINA SEASONING INTERNATIONAL (HK) LTD) v. KEY SHINE GLOBAL HOLDINGS LTD AND OTHERS
- Citation
- [2021] HKCFI 1535
- Court
- Court of First Instance
- Case number
- HCA2262/2019
The court found that on the face of the Side Letters and the Charge Natural Seasoning had contractual rights to direct voting of the Charged Shares upon an Event of Default; given Natural Seasoning's articulated legitimate concerns and the absence of evidence from the board justifying the immediate grant of the Proposed Mandate Resolutions, the balance of convenience justified a limited interlocutory injunction ordering Key Shine to instruct the nominee and to exercise the voting rights attached to the Charged Shares to vote against resolutions 6,7 and 8, but did not justify an order requirin…