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Corporate & Securities Law

: Jim Hamilton's World of Securities Regulation

By Jim Hamilton

Hong Kong Appeals Court Issues Landmark Ruling Disapproving Going Private Scheme in Light of SFC ConcernsA three-judge Hong Kong appeals court has ruled that a scheme to take over and privatize a major telecommunications company involved a manipulation of the shareholder vote and the coercion of minority shareholders. The court said that the share splitting used in the scheme was a dishonest form of vote manipulation that frustrated the legislative intent of the Companies Ordinance. Because of t read more

Full post as published by Jim Hamilton's World of Securities Regulation on May 11, 2009 (boomark / email).