30 Mar 1976
RE CHINESE ESTATES LTD
- Citation
- RE CHINESE ESTATES LTD
- Court
- Court of First Instance
- Case number
- HCCW94/1975
The petition is dismissed because the evidence does not establish a final and conclusive abandonment of the company’s primary objects or a failure of substratum: the company is solvent, has conserved resources and managerial capacity to resume its core business, and shareholders had not exhausted or tested internal remedies in general meeting before seeking equitable dissolution.