here is HONG KONG COMPANY LAW

Question 2 (25 marks) (10 marks) a. Describe the duties of a director of a company. b. HS Company was under financial distress. Peter, the managing director of HS, was considering 2 takeover proposals in order to save the company. One of the bidders, Company X, was friendly to HS's management team and promised that the existing management team would be kept after the takeover. Another bidder, Company Y, offered a better price than Company X but it was very likely that the management team would be fired after the takeover. Later on, Peter announced that HS would accept the offer from Company X and allotted new shares to Company X accordingly. If you were one of the majority shareholders of HS, what action(s) can be taken? Please explain your answers in detail. (15 marks)