17 Dec 1996
KLH INVESTMENT LTD. v. YEUNG WEI SUNG and Another
- Citation
- KLH INVESTMENT LTD. v. YEUNG WEI SUNG and Another
- Court
- Court of First Instance
- Case number
- HCMP1537/1996
The petition was not plain and obvious to fail: the pleaded facts, assumed true for strike-out purposes, sufficiently alleged exclusion from management, diversion of revenue to related businesses and use of third party entities to operate the business so as to found arguable unfairly prejudicial conduct under s.168A. Consequently the strike-out application failed. The court had jurisdiction to grant interim preservation orders, to compel signature of accounts where necessary to meet statutory filing obligations, and to appoint a court expert valuer with costs ordered in the cause and initiall…