14 Apr 2021
RE CHINA GREENFRESH GROUP CO LTD (“the Company”)
- Citation
- [2021] HKCFI 1182
- Court
- Court of First Instance
- Case number
- HCCW83/2020
A petitioner must demonstrate by evidence a real possibility of a tangible financial benefit to creditors from a Hong Kong winding-up; where no concrete benefit is shown and the company’s assets and management are offshore/Mainland, the second core requirement is not satisfied and the court should not proceed to make a winding-up order in Hong Kong absent case management reasons—adjournment for coordinated proceedings is appropriate.