23 Jul 2015
張才奎所託管中國山水投資有限公司股份AND ANOTHER v. 張才奎AND ANOTHER
- Citation
- 張才奎所託管中國山水投資有限公司股份AND ANOTHER v. 張才奎AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA939/2015
The court refused to give directions that would have the effect of imposing new directors or materially changing the composition of the board of the listed company at interlocutory stage because there were no special or overwhelming circumstances to justify such drastic intervention; receivers must act as caretakers preserving assets and their proposed Primary and Alternative Votes were not approved; split voting was refused because voting control is vested in CSI's board under its articles.