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Courting controversy

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Why you can trust SCMP

2004

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November 24 Housing Authority officially launches first real estate investment trust (reit)

December 7 More than 1.4 million application forms handed out on first day of public offering

December 8 Two public housing estate residents, Lo Siu-lan and Ma Ki-chiu, apply to Court of First Instance for judicial review to halt the Link Reit

December 9 Public offering for reit closes, attracting more than 510,000 applications totalling about $280 billion from retail investors. Institutional investors place a further $200 billion

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December 14 Court rules in favour of Housing Authority which decides to delay listing until December 20. Two days later, Court of Appeal rejects Ms Lo's appeal

December 17 Court of Final Appeal confirms Ms Lo has 28 days to appeal

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