10 May 2021
RE PING AN SECURITIES GROUP (HOLDINGS) LTD
- Citation
- [2021] HKCFI 1394
- Court
- Court of First Instance
- Case number
- HCCW217/2020
Because the provisional liquidators failed to keep the petitioner properly informed and court supervision was impeded while the petitioner faced a substantial claim and the proposed restructuring offered only an approximately 2.75% return, the Court exercised its discretion to make the normal winding up order and ordered the Official Receiver to be the first provisional liquidator in Hong Kong.