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a company specified in paragraph.
(b) or (c);
"exercise control of a company" means
(a) to hold office in that company; or
(b)
to be the beneficial owner of
more than 15 per cent of the
voting shares of that company;";
and
(b) by inserting the following after the definition
of "material"
""ordinarily resident in Hong Kong" includes -
(a)
in the case of a person
(b)
(i) residence in Hong Kong for not
less than 180 days in any calendar
year; or
(ii)
residence in Hong Kong for
not less than 300 days in any 2
consecutive calendar years; and
in the case of a company, a
company registered in Hong Kong