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Judgment

In the Matter of Jian Ying (acting by its provisional liquidators) v Ourgame International Holdings Limited

FSD 0218 OF 2021 (NSJ) · 2021-Aug-11

Application by joint provisional liquidators of a fund for injunctive relief - the fund is a shareholder in a Cayman company - the provisional liquidators claimed that a substantial number of the funds - shares had been sold at an undervalue and for an improper purpose to parties connected with the company's management - the company's management convened a shareholders' meeting to authorise its directors to issue further shares allegedly for the purpose of diluting the fund's shareholding - the shareholders' meeting was to be held imminently

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