(4)
name of such other person, the nature of the right
transferred and the date of the transfer.
A notice under subsection (3) shall specify the
Directors of the Road Company.
PART IV
PROVISIONS RELATING TO THE ROAD AND RAIL COMPANIES
11. (1) A majority of the directors of the Road
Company shall be persons who are ordinarily resident in
Hong Kong.
(Cap. 32.)
(2) The Governor shall have power, notwithstanding
any provision of the Companies Ordinance or any other law,
the memorandum or articles of the Road Company or other
instrument, to appoint 2 directors to the board of the Road
Company.
Minimum paid-up share capital.
12. (1) On the road operating date the issued and
fully paid-up share capital of the Road Company shall be
(a) if no assignment has taken place under section
7(1), not less than $1,100,000,000; and