Follow Hong Kong Immigration and Hong Kong News: On the 18th, the Hong Kong High Court rejected the new allegations and evidence submitted by minority shareholders in the "China Resources Power Case."
During the second hearing of the derivative action brought by six minority shareholders of China Resources Power, which began on the 15th of this month, China Resources Power's representative lawyer, Benjamin Yu, refuted the five new allegations and related evidence presented by the minority shareholders one by one.
The six minority shareholders of China Resources Power, dissatisfied with the company's acquisition of coal mines in Shanxi, had previously sought permission to initiate legal proceedings in the name of the company to hold the directors accountable, with the first hearing held on August 5th of this year.
It is understood that one of the focal points of the dispute in the China Resources minority shareholder lawsuit previously concerned the issue of rights certificates for three of the ten assets purchased by Taiyuan China Resources, an associate of China Resources Power, from the Shanxi Jinye Group in 2010.
The lawyer representing the minority shareholders stated after the hearing that they might file an appeal.