31 May 2018
AESO HOLDING LTD AND OTHERS v. CHAN SIU CHUNG AND OTHERS
- Citation
- [2018] HKCFI 1195
- Court
- Court of First Instance
- Case number
- HCMP1721/2017
The court found a good prima facie case for winding up based on evidence pointing to a broader fraudulent scheme in the placing of shares and concluded that, given the Company's operational paralysis caused by breaches of undertakings, mass resignations and harassment attributable to the New Directors, provisional liquidators should be appointed to preserve and stabilise the business and assets pending trial; no undertaking as to damages was required on these inter partes applications.