5 Oct 2007
RE WAH YING CHEONG CO LTD
- Citation
- RE WAH YING CHEONG CO LTD
- Court
- Court of First Instance
- Case number
- HCCW225/1996
The petitioners failed to produce compelling evidence that the proposed $8.4 million special interim dividend would injure the company or render it insolvent; the Company's net assets and evidence about the status and costs of pending proceedings showed sufficient resources to meet liabilities and expenses; therefore the court exercised its discretion to validate the distribution and ordered costs against the petitioners to be paid forthwith.