Most idiotic comment on the Link Reit fiasco must be from Secretary for Housing, Planning and Lands Michael Suen Ming-yeung. He is quoted as saying:
"It's like a 9/11-style attack ... No one can be blamed because you can't expect this to happen."
This rather neatly sums up what went wrong. The government employed a large number of "experts" to advise them on the privitisation and share issue, and none of them anticipated a legal challenge? You really don't have to look very far to see the privatisation has always been controversial, and it is not surprising that someone who is against it might want to take legal action.
The solution to this little puzzle was to ensure that the Housing Ordinance was amended, and then to ensure that if there was going to be any legal action it was completed before the public listing took place. The legislation would have passed, and the legal action would have been won, and then the listing would have been straightforward.