29 Aug 2003
RE BEAUTIFUL CORPORATION LTD
- Citation
- RE BEAUTIFUL CORPORATION LTD
- Court
- Court of First Instance
- Case number
- HCCW732/2003
Provisional liquidators were appointed because there was a prima facie case for winding up, the company was apparently insolvent with competing creditor claims, perishable assets were at risk and held in disputed locations including a shareholder's residence, and an independent officer was necessary to take possession, determine claims and realise assets for the benefit of creditors.