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Company Formation |
Holding of 51% vs. 75% shares
As 75% voting is required for Special Resolution (having power even to remove director), it is obvious that holding of 75% shares is the most "secure" way of securing control. However, sometimes, it is only necessary to hold 51% shares because Ordinary Resolution is good enough to "issue additional shares to non-existing shareholders". This means the % of shareholding can be changed by passing of Ordinary Resolution.
Shareholders should aware that there are rules governing how a meeting should be convened. Otherwise, the resolutions can be regarded as invalid. |
Service in Hong Kong
Service in China |
Company Formation
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AbacusHKCPA - Certified Public Accountants base in Hong Kong (HK) - ACCA, HKICPA, providing services of
company formation, financial management, business advisory, tax planning, auditing and accounting.