3 Aug 2004
RE JINRO (HK) INTERNATIONAL LTD
- Citation
- RE JINRO (HK) INTERNATIONAL LTD
- Court
- Court of First Instance
- Case number
- HCMP1503/2004
The court sanctioned the Scheme because the statutory requisites were satisfied: the meeting was properly convened and informed, the Scheme Creditors formed a proper single class by reason of their dual recourse, the requisite majority voted in favour, Single Recourse Creditors were not detrimentally affected and the Scheme represented a commercially rational compromise that an intelligent and honest member of the class would reasonably approve.