26 Jun 2008
XDLONG INVESTMENT HOLDING LTD v. HEI DAI LUNG GROUP CO LTD
- Citation
- XDLONG INVESTMENT HOLDING LTD v. HEI DAI LUNG GROUP CO LTD
- Court
- Court of First Instance
- Case number
- HCMP1027/2008
The court exercised its statutory discretion under s111(2) to direct that a general meeting be held and under s122(1B) to permit late laying of audited accounts because the non-compliance was inadvertent, caused by misplaced reliance on professional advisers, caused no prejudice to shareholders or creditors, audited accounts were ready, and credible remedial measures and assurances of future compliance had been given.