3 Mar 1998
WAH YAN PROPERTY LTD v. IDEACTION STRATEGIC INVESTMENT LTD AND AND ANOTHER
- Citation
- WAH YAN PROPERTY LTD v. IDEACTION STRATEGIC INVESTMENT LTD AND AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCCW187/1997
Provisional liquidators were appointed because the board was deadlocked, consolidated audited accounts were absent and the accounting records were in a confused state, unpaid taxes and lack of satisfactory explanation raised serious concerns about management and accountability, and the balance of justice favoured intervention to protect substantial group assets.