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Chong Hing Bank Ltd: privatisation by scheme of arrangement sanctioned
HK Court of First Instance, 18-Oct-2021
Citing a "lack of a meaningful response from the SFC", Justice Linda Chan appointed Winston Poon SC and Eva Sit SC as amici curiae (friends of the court) to opine on the meaning of Rule 2.10 of the Takeovers Code. In her judgment, this rule prohibits concert parties from voting at the court meeting, rather than simply requiring that their votes shall not be counted for the purposes of Rule 2.10. This is a different view that taken by Justice Jonathan Harris in the case of Cosmos Machinery Enterprises Ltd, but she regards his view as obiter (non-binding).
Organisations
- Chong Hing Bank Limited 創興銀行有限公司
- COSMOS MACHINERY ENTERPRISES LIMITED 大同機械企業有限公司
- SECURITIES AND FUTURES COMMISSION 證券及期貨事務監察委員會
- YUE XIU ENTERPRISES (HOLDINGS) LIMITED 越秀企業(集團)有限公司
People
- Chan, Linda Ching Fan 陳靜芬
- Harris, Jonathan Russell (1957) 夏利士
- Poon, Winston Chung Fai 潘松輝
- Sit, Eva Yat Wah 薛日華
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