6 Oct 2025
RE ASTRON CORPORATION LTD
- Citation
- [2025] HKCFI 4659
- Court
- Court of First Instance
- Case number
- HCMP698/2025
The Scheme was an "arrangement" within section 668 despite the Company's limited role because there was the requisite give and take between the Company and its members (principally the transfer of shares and issuance of Aus NewCo shares), the statutory convening and disclosure requirements were met, the requisite majorities under s674 were obtained, and an intelligent and honest member might reasonably approve; accordingly the Court exercised its discretion to sanction the Scheme and granted the order in the terms produced (with agreed amendments).