24 Jun 2025
RE KAISA GROUP HOLDINGS LTD
- Citation
- [2025] HKCFI 2699
- Court
- Court of First Instance
- Case number
- HCMP1705/2024
The court sanctioned the Schemes because they pursued a permissible purpose, the Scheme Meetings were properly convened with sufficient disclosure, the requisite statutory majorities voted for the Schemes, creditor classes were properly constituted (no fracturing by RJ creditors or AHG work fee), AHG Work Fee was reduced and not so material as to vitiate meetings, third-party releases were confined and justified for implementation, and there was sufficient Hong Kong connection and utility to warrant sanction.