29 Apr 2015
RE GOLDEN SHIELD HOLDINGS (INDUSTRIAL) LTD
- Citation
- RE GOLDEN SHIELD HOLDINGS (INDUSTRIAL) LTD
- Court
- Court of First Instance
- Case number
- HCCW289/2014
Although a prima facie case for winding-up existed, the applicant failed to show that the company's assets were at risk of dissipation or that provisional liquidators were necessary; the company is effectively insolvent with negligible liquid assets, incumbents gave undertakings not to dispose of property, and there was no urgency or demonstrable benefit from appointing provisional liquidators; summons dismissed and undertakings incorporated into order; costs ordered nisi against applicant.