14 Nov 2003
RE SEAPOWER RESOURCES INTERNATIONAL LTD
- Citation
- RE SEAPOWER RESOURCES INTERNATIONAL LTD
- Court
- Court of First Instance
- Case number
- HCMP2977/2003
The court exercised its discretion to sanction the scheme as fair and reasonable and duly approved by creditors, dismissed the Former Investors' motion to adjourn the sanction pending appeal because there were no good prospects of success that would justify delay, and ordered that the winding-up petition be dismissed and provisional liquidators discharged conditional upon the issue of the closing notice and satisfaction or waiver of the conditions precedent in the Restructuring Agreement.
- Scheme of arrangement (s166 companies ordinance)
- Winding-up petition
- Specific performance and injunction
- Stay/adjournment of proceedings pending appeal
- Stock exchange listing/resumption