Read the full judgment text of HCMP 2234/2019 on BabelCite. This High Court CFI judgment was delivered on 23 January 2020.
1. I have before me the Company’s petition dated 16 January 2020 seeking the courts sanction under section 673 of the Companies Ordinance of a scheme of arrangement between the Company and the unsecured creditors of the Company. The scheme forms part of a wider restructuring which involves new investors acquiring a controlling stake in the Company with a view to saving the Company’s Hong Kong listed status, which is it’s only asset of any value. Without the realisation of the value of the listin
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