21 Feb 2017
DENNIS KWOK HON MING v. POON SUI CHEONG ALBERT AND OTHERS
- Citation
- DENNIS KWOK HON MING v. POON SUI CHEONG ALBERT AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP1526/2013
The Majority Shareholders are ordered to buy out the Petitioner's shares; they are jointly and severally liable for that buy‑out; the Petitioner may not recover shareholder loans in addition to the buy‑out; valuation of the companies' shares must be undertaken on a going concern basis with expert valuers to assess development potential and liabilities, and the Majority Shareholders must bear the costs of valuation and transfer (including stamp duty); managers' bonus cannot be claimed after cessation of shareholder/manager status; specific contested cash sums are to be repaid with interest and…