21 Sept 2009
HING YIP HOLDINGS (HONG KONG) LTD
- Citation
- HING YIP HOLDINGS (HONG KONG) LTD
- Court
- Court of First Instance
- Case number
- HCCW384/2006
The court granted an adjournment for Ocean Grand Holdings because provisional liquidators demonstrated a credible, active restructuring and an imminent Stock Exchange resumption process requiring additional time; the court ordered the winding up of Hing Yip, OG Development and Sky Leader because the provisional liquidators proved insolvency and absence of viable restructuring options, and directed that petitioners' costs be paid from each company's assets.