Raymond will invest up to Rs 125 crore in the form of redeemable preference shares which would be subject to such terms as may be finally decided and agreed.
Lawyers for Hong Kong government argue Beijing’s decision endorsing ‘co-location’ arrangement ‘as good as binding’
Appellants insist the set-up, which allows national laws to be enforced at the high-speed rail terminus in West Kowloon, violates the city’s mini-constitution
Lawyers for the government, however, maintain any questions of constitutionality were cleared up when China’s top legislative body approved the scheme