Read the full judgment text of CACV 000004/1969 on BabelCite. This Court of Appeal judgment was delivered on 10 June 1969.
1. The Yick Fat Land Investment Company Limited (hereinafter referred to as "the Company") was incorporated on 11th April 1963 as a private limited company. The nominal capital was $2,000,000 divided into 2,000 shares of $1,000 each. The names of the six shareholders (who were all well-known to one another) are Lai Shu Fat, H.L. Chung, K.Y. Chung, K.P. Chung, Szeto Yat and Madam Lai Yee. Under Article 14 of the Articles of Association the six shareholders were appointed directors of the company.