20 Feb 2017
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
- HCA1766/2014
The court directed the receivers to exercise the rights attached to the 45.63% CSI shares in receivership to seek a four-week adjournment (or longer if necessary) of CSCG's EGM to ascertain plaintiffs' positions and, if adjournment could not be obtained, to vote against the proposed placement and related resolutions. The direction rested on evidence that both the 1st defendant and prima facie a large number of plaintiffs opposed the resolutions and on the principle that receivers, as interim custodians, should preserve the subject matter for those entitled to it. The court refused the 1st def…