11 Mar 2016
CHINA INVESTMENT FUND CO LTD v. GUANG SHENG INVESTMENT DEVELOPMENT GROUP LTD AND OTHERS
- Citation
- CHINA INVESTMENT FUND CO LTD v. GUANG SHENG INVESTMENT DEVELOPMENT GROUP LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA411/2016
The interim relief was granted to maintain the status quo because, on the then available evidence, the defendants' case was unsatisfactory and there was a real risk that the Requisition and proposed board changes formed part of a concerted effort to influence management to the detriment of the company and its investing public; no urgency or prejudice to the defendants from a limited adjournment was shown and the balance of convenience favoured preserving the status quo pending the full hearing.