case Hong Kong English original

Re PCCW Ltd

Hong Kong Court of Appeal decision refusing to sanction a privatization scheme where share-splitting and vote manipulation affected the shareholder meeting result.

Use It For

Use this with Delaware takeover cases and Chinese listed-company meeting rules to compare how courts police shareholder approval in control transactions.

Teaching Notes

The case is a vivid example of why formal voting thresholds do not guarantee substantive legitimacy if the voting base has been engineered.