Read the full judgment text of HCMP 1480/2019 on BabelCite. This High Court CFI judgment was delivered on 31 January 2020.
1. On 12 November 2019 National Arts Entertainment and Cultural Group Limited (“ Company ”) issued a petition seeking the court’s sanction of a scheme of arrangement pursuant to section 673 of the Companies Ordinance, Cap 622 (“ Ordinance ”) between it and its unsecured creditors (“ Scheme Creditors ”). A meeting of the Scheme Creditors was ordered on 4 October 2019 and took place on 8 November 2019. The necessary statutory majority was obtained: 89.86% in value and 88.38% in number of Sch
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