On 19 June 2026, the high court in Hong Kong barred Sunshine Oilsands ( (HK:2012) from changing its board or shareholding structure.
Background
- Subshine applied to court to exercise its right to vote shares held by Executive Chairman Kwok Ping Sun and Prime Union Enterprises;
- court ordered Mr. Sun to reveal by June 24 the whereabouts and shareholding arrangements of his and Prime Union’s share stakes;
- ruling effectively freezes corporate actions that could alter control or dilution.
