23 Apr 2024
RE 北京精准溝通傳媒科技有限公司 (Formerly known as北京精准溝通傳媒科技股份有限公司)
- Citation
- [2024] HKCFI 1091
- Court
- Court of First Instance
- Case number
- HCCW477/2022
The HK$9,700,000 held in escrow in Hong Kong is a significant asset relative to the asserted debts (HK$10,000,000 and HK$7,228,270) and has a clear nexus to Hong Kong (paid into escrow for an intended Hong Kong reverse takeover under a Hong Kong governed loan); therefore there is a sufficient connection with Hong Kong, the other threshold requirements are met, and a winding-up order should be granted so the in-jurisdiction asset can be marshalled to satisfy creditors.