22 Jul 2022
RE M-RESOURCES GROUP LTD
- Citation
- [2022] HKCFI 2342
- Court
- Court of First Instance
- Case number
- HCMP6/2022
The court sanctioned the scheme because the meeting was properly convened, the statutory majorities (95.4% by number and 81.6% by value) were obtained, the compromise was straightforward and appropriate in the context of an insolvent company likely to yield little in liquidation, and there was a sufficient connection to Hong Kong through the company’s listing to justify the court’s exercise of jurisdiction.