25 Nov 2021
CHAN SEUNG BUN v. WONG KING FAI JOE AND ANOTHER
- Citation
- [2021] HKCFI 3572
- Court
- Court of First Instance
- Case number
- HCCW227/2018
The court determined fair value using the market/earnings approach as the appropriate method, accepted the expert’s market approach but rejected the application of a key person discount while accepting a 20% small size discount; directed distribution of accumulated and interim profits to shareholders before transfer; fixed company value at HKD 37,315,473 and price for 50% shares at HKD 18,657,737 and ordered transfer and payment under specified terms.