30 Apr 2019
CHINA ENERGY INDUSTRY DEVELOPMENT LTD (incorporated under the laws of the British Virgin Islands) v. CHINA PEOPLE (HONG KONG) LTD AND ANOTHER
- Citation
- [2019] HKCFI 1101
- Court
- Court of First Instance
- Case number
- HCCW187/2013
The court accepted the petitioners' evidence that the majority shareholder exercised control by improper allotments and coercive conduct that was unfairly prejudicial to the minority; accordingly the petition is well‑founded and just and equitable relief (including a buy‑out mechanism) is appropriate, with detailed relief and valuation to be determined on further directions.