9 Feb 2009
RE CHUNG KIU CHINESE PRODUCTS EMPORIUM LTD
- Citation
- RE CHUNG KIU CHINESE PRODUCTS EMPORIUM LTD
- Court
- Court of First Instance
- Case number
- HCMP2187/2008
The petition was granted because a valid special resolution was passed, the directors honestly opined the repayment sum was surplus to the Companys needs, available cash and deposits (including subsidiary funds) were sufficient to fund repayment, creditors were unlikely to be prejudiced, shareholders were treated equitably and procedural requirements were satisfied.