14 Jun 2017
Relevant employees whose shares in China Shanshui Investment Company Limited held by ZHANG CAIKUI on trust (Please refer to Schedule 1 attached to the Writ of Summons for names of the relevant employees) AND ANOTHER v. ZHANG CAIKUI AND ANOTHER
- Citation
- Relevant employees whose shares in China Shanshui Investment Company Limited held by ZHANG CAIKUI on trust (Please refer to Schedule 1 attached to the Writ of Summons for names of the relevant employees) AND ANOTHER v. ZHANG CAIKUI AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA1564/2015
The application was dismissed because applicants failed to show sufficient grounds for court intervention: there was no allegation of bad faith or legal error by the receivers, the receivers gave undertakings not to vote to dilute CSI, the grant of the general mandate was common and in force previously without exercise, and the application was premature given parallel proceedings and opposing stakeholders.