9 Jan 2025
RE POWERLONG REAL ESTATE HOLDINGS LTD
- Citation
- [2025] HKCFI 271
- Court
- Court of First Instance
- Case number
- HCMP458/2024
The court sanctioned the Scheme because the Company demonstrated a permissible restructuring purpose, proper convening and disclosure (waiving a one‑day delay), the creditor classes were correctly constituted, requisite statutory majorities approved the Scheme, third‑party releases and fees were justified and proportionate, remaining restructuring conditions were likely to be satisfied by the Long Stop Date, and there was a sufficient Hong Kong connection to exercise jurisdiction.