2 Dec 2009
RE ACTION INDUSTRIAL (INTERNATIONAL) LTD
- Citation
- RE ACTION INDUSTRIAL (INTERNATIONAL) LTD
- Court
- Court of First Instance
- Case number
- HCCW35/2007
The respondents were removed because they made false declarations in tender documents, failed to remit and unlawfully deducted part of the surplus proceeds of $387,891.37 contrary to statutory duty, failed to report the realisation, and failed to provide required security — conduct demonstrating they are not fit and proper persons to continue as liquidators under sections 196(1) and 202(2A) of the Companies Ordinance.