17 May 2007
RE PLUS HOLDINGS LTD
- Citation
- RE PLUS HOLDINGS LTD
- Court
- Court of First Instance
- Case number
- HCCW612/2006
The court found the petitioner demonstrated a prima facie case for winding up, the company is insolvent and its HKEX listing status is in imminent jeopardy such that appointment of provisional liquidators to protect that asset and to engage independent professionals to attempt a viable resumption proposal falls within the permissible exercise of s193 powers; Re Legend was distinguishable on its facts, and the balance of convenience, urgency and limited prejudice to creditors justified appointment on undertaking as to damages.