25 Aug 2016
LEE CHEUNG LAU v. THOMAS LEE HOK LAU AND OTHERS
- Citation
- LEE CHEUNG LAU v. THOMAS LEE HOK LAU AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW289/2012
The court concluded the liquidators' proposed procedure fell within the permissible range of commercial decisions and was not so unreasonable as to warrant interference; it therefore authorized the liquidators to proceed with one further listing attempt at a reserve of RMB 40,000,000 and, if no acceptable offer by 5pm on 22 September 2016, to shut down CTTS and sell its assets, with specified costs directions.