16 Mar 2012
SUN HUNG KAI STRUCTURED AND ANOTHER v. REGAL SPLENDID LTD
- Citation
- SUN HUNG KAI STRUCTURED AND ANOTHER v. REGAL SPLENDID LTD
- Court
- Court of First Instance
- Case number
- HCCW66/2012
Provisional liquidators were appointed because, on the available evidence, the petitioners' charging orders were unlikely to secure repayment in full so the petitioners were likely to be unsecured for part of their debt; preserving and voting the company's substantial shareholding in the listed First Natural to secure a proposed restructuring was necessary to protect and realise value for creditors, and the petitioners' and Official Receiver's agreed terms were appropriate.