3 May 1985
RE SHUI HING INVESTMENT CO LTD
- Citation
- RE SHUI HING INVESTMENT CO LTD
- Court
- Court of First Instance
- Case number
- HCCW101/1984
The court found a prima facie case supporting a winding-up order, concluded the Wangs had breached the consent order and that the companies' assets were in jeopardy and potentially misapplied, and held that given the Wangs' conduct undertakings were not a sufficient safeguard; accordingly the Official Receiver must be appointed as provisional liquidator to protect the assets pending the hearing of the petitions.