Read the full judgment text of HCCW 397/2020 on BabelCite. This High Court CFI judgment was delivered on 2 September 2021.
1. I have before me an application by China Cinda (HK) Assets Management Co Limited (“ Cinda ”) for a validation order under section 182 of the Companies (Winding Up and Miscellaneous Provisions) Ordinance , Cap 32. The transaction that Cinda wishes validated is the transfer to it, of 51% of the shares of the Company over which it has security. The security has been given in conjunction with facilities made available by Cinda to associated companies of the Company.
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