28 Jul 2025
RE CIFI HOLDINGS (GROUP) CO. LTD
- Citation
- [2025] HKCFI 3250
- Court
- Court of First Instance
- Case number
- HCMP2326/2024
The Court sanctioned the Scheme because it serves a permissible restructuring purpose, the statutory majorities approved it, the single class of Scheme Creditors was properly constituted as the AHG payments were immaterial relative to projected recoveries and adequately disclosed, the Explanatory Statement furnished sufficient information for creditors to make an informed decision, and there was a sufficient Hong Kong connection and practical international effectiveness.