9 Jul 2001
RE SHUN KAI BULLION CO. LTD.
- Citation
- RE SHUN KAI BULLION CO. LTD.
- Court
- Court of First Instance
- Case number
- HCCW357/2001
The court exercised its discretion to make a winding up order because the company had no real assets, significant liabilities, the proposed long-term repayment scheme lacked support from major creditors and was commercially unrealistic, and the only other prospect was speculative contingent litigation proceeds from directors which could not be relied upon.