6 Jul 1999
FUSCUS HOLDINGS LTD. v. KINONG GROUP LTD. AND OTHERS
- Citation
- FUSCUS HOLDINGS LTD. v. KINONG GROUP LTD. AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW907/1998
The court exercised its discretion to stay (not strike out) the prayer for a winding-up order pending completion of the agreed sale or until further order because the petition raised issues requiring trial, there was no real prejudice to respondents from a stay, and it would be inappropriate to leave the petitioner only with personal remedies given the indirect and potentially unrealizable nature of the purchasers' shareholdings.