24 Mar 2021
CHEN HONGQING v. CHINA SHANSHUI INVESTMENT CO LTD AND OTHERS
- Citation
- [2021] HKCFI 699
- Court
- Court of First Instance
- Case number
- HCA1380/2020
The court found the plaintiff had standing and, applying the appropriate merits threshold, concluded there was sufficient and cogent evidence (including absence of contemporaneous board documentation, inadequate explanatory materials and commercial improbabilities) to infer the board's primary purpose in proposing the allotment was improper; damages were inadequate and the balance of convenience favoured preserving the status quo, so the interlocutory injunction restraining implementation of the allotment was continued.