23 Aug 2004
RE RNA HOLDINGS LTD
- Citation
- RE RNA HOLDINGS LTD
- Court
- Court of First Instance
- Case number
- HCCW388/2004
Given credible evidence that 76.25% in value of creditors support the restructuring, that the restructuring is likely to yield more than liquidation, and that remaining hurdles (auditor change and SFC issues) are addressable within a limited period, the Court exercised its discretion to adjourn the petition to allow implementation steps to proceed, subject to filing updated evidence before the adjourned hearing.