26 Feb 2021
BOLINA HOLDING CO LTD (IN LIQUIDATION) v. THE STOCK EXCHANGE OF HONG KONG LTD
- Citation
- [2021] HKCFI 460
- Court
- Court of First Instance
- Case number
- HCAL2328/2020
Leave to apply for judicial review refused: the Listing Review Committee lawfully and reasonably upheld cancellation under Rule 6.01A because the Company failed to demonstrate fulfillment of key resumption guidance (publication of outstanding audited accounts, withdrawal of winding-up order and adequate market disclosure), failed to show that COVID-19 constituted an exceptional circumstance under GL95-18 para 19, and failed to establish sufficient certainty of creditor support for a restructuring; the decision was not irrational.