8 Apr 2005
RE TAI KAM CONSTRUCTION ENGINEERING CO LTD
- Citation
- RE TAI KAM CONSTRUCTION ENGINEERING CO LTD
- Court
- Court of First Instance
- Case number
- HCMP177/2005
The court found that the statutory and jurisdictional preconditions were satisfied, that the Scheme provided a realistic prospect of value to creditors (including contract income and investor funding) where liquidation would produce no recoverable assets, and that an intelligent and honest member of the class might reasonably approve the Scheme; accordingly the Scheme was sanctioned.