26 Nov 2007
SHE WAI HUNG v. JULIANO LIM AND OTHERS
- Citation
- SHE WAI HUNG v. JULIANO LIM AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP6472/2001
The court held that the correct valuation date was 18 May 1997 and that, given the factual findings and incomplete disclosure by the 1st respondent, a combined valuation approach (80% net asset approach, 20% earnings approach) using management accounts and the Review Report was appropriate; after adjustments (deduct land/building value and a 30% reduction for doubtful trade debts) the Company value was HK$8,067,811.75 and the petitioner’s 40% equated to HK$3,227,124.70; after deducting the petitioner’s shortfall in loan contribution of HK$496,671.25 the purchase price ordered payable by the 1…