FO SHAN SHI SHUN DE QU CONSONANCY INVESTMENT COMPANY LIMITED v YAT KIT JONG and LAM HOK CHUNG RAINIER,Joint and Several Liquidators of WONGS INVESTMENT DEVELOPMENT HOLDINGS GROUP LIMITED (in liquidation)

Read the full judgment text of HCCW 332/2012 on BabelCite. This High Court CFI judgment was delivered on 17 March 2017.

1. Wongs Investment Development Holdings Group Limited (“ the Company ”) was ordered to be wound up in 2013.  The applicant (“ Consonancy ”) lodged a proof of debt on the strength of an arbitral award for RMB87.18 million. The debt represented a loan of RMB80 million to Xiancheng Group Co Ltd (“ the Borrower ”), for which the Company was a guarantor . There was a written Loan Agreement and a written Guarantee Agreement .

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