Title: Heng Sang Realty Corp. v. Harry NG

State: delaware

Issuer: Delaware Supreme Court

Document:

IN THE SUPREME COURT OF THE STATE OF DELAWARE
HENG SANG REALTY CORP.,
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No. 324, 2004
Defendant Below,
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Appellant,
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v.
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Court Below: Court of Chancery
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of the State of Delaware
HARRY NG,
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in and for New Castle County
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C.A. No. 19462
Plaintiff Below,
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Appellee.
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Submitted: January 19, 2005
Decided: January 27, 2005
Before STEELE, Chief Justice, BERGER and RIDGELY, Justices.
O R D E R
This 27  day of January, 2005, upon consideration of the briefs and arguments
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of the parties, it appears to the Court that the Court of Chancery’s factual
determination as to the appropriate tax rate to apply to projected future earnings in a
discounted cash flow valuation was supported by the record, and that the Court of
Chancery correctly applied settled law in determining the fair value of Heng Sang
Realty Corp. pursuant to the appraisal statute, 8 Del. C. §262.  Accordingly, the
judgment of the Court of Chancery is AFFIRMED.
BY THE COURT:
/s/ Carolyn Berger
Justice