Richard Li appeals to court of Final appeal against judgment
Source: Internet
Author: User
Every journalist Li Lingxia the much-watched PCCW (00008,HK) Privatization case will be a wave. In the case of PCCW's privatisation, the SFC was eventually awarded an appeal, but "little Superman" was clearly unconvinced by the verdict. After the Hong Kong Court of Appeal announced the judgment of the case the day before yesterday, PCCW immediately said that it would continue to appeal to the CFA. The "drama" of the PCCW privatisation case has not yet ended. The Hong Kong Court of Appeal, in its judgment on the PCCW privatisation case, made it clear that the result of the privatisation arrangement by splitting shares was an abuse of the procedure. In the verdict, the Hong Kong Court of Appeal also confirmed that the court played an important role in deciding whether to approve privatization cases. It is understood that after the verdict of the Court of Appeal, PCCW will continue to appeal to the CFA on the grounds that it is not satisfied with the verdict. Yesterday, the Hong Kong Securities and Futures Commission spokesman confirmed to the daily economic news that the SFC has indeed received notice from PCCW and that PCCW will appeal to the final court, although the SFC is currently not in a place to comment.
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