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"The Legal Aspects of Management in China" Hong Kong Company Law:- Let us have a brief idea of the share in Hong Kong because we can protect our interest by acquiring different types and different amount of share. Preference shares The issue of preferences shares must be authorized by a company's memorandum. The shares entitle the holder to some priority over the ordinary shareholders, and usually carry a preferential right to payment of dividend at a fixed rate. Ordinary shares Ordinary shareholders are entitled to be paid a dividend on their shares only after all preference dividends have been paid and, if the preference shares have priority for repayment of capital in a winding up, the ordinary shareholders are entitled to be repaid only after the preference capital has been repaid in full. Ordinary shareholders expect to receive a larger dividend than preference shareholders. Their loss will be greater if the company fails. Most...

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