13 Jun 2025
RE CHINA-HONG KONG LINK SECURITIES COMPANY LTD (In Members’ Voluntary Liquidation)
- Citation
- [2025] HKCFI 2571
- Court
- Court of First Instance
- Case number
- HCMP523/2025
The Unclaimed Assets are held on trust by the applicant; the trust instrument does not vest power to dispose; the applicant demonstrated reasonable efforts to contact beneficiaries; given the cessation of business and relatively small values it is expedient to permit payment of unclaimed monies and securities into court and to allow sale/forfeiture or other disposal of unclaimed securities, with proceeds and dividends to be paid into court and the applicant discharged thereafter.