19 Jul 2016
GUANG SHENG INVESTMENT DEVELOPMENT GROUP LTD v. CHINA INVESTMENT FUND CO LTD
- Citation
- GUANG SHENG INVESTMENT DEVELOPMENT GROUP LTD v. CHINA INVESTMENT FUND CO LTD
- Court
- Court of First Instance
- Case number
- HCA1847/2016
The ex parte injunction was discharged because Guang Sheng was not a registered shareholder and thus lacked locus standi to bring the claim and obtain the relief; the ex parte hearing involved material non‑disclosure (notably the non‑registered status and the Li forged‑proxy incident) which meant the judge did not have full and frank disclosure; the one‑week adjournment of the EGM was justified by serious interference with a shareholders voting rights and the Articles did not permit appointment of an outside chairman; accordingly the injunction was unnecessary and inappropriate and must be se…