Read the full judgment text of HCMP 1140/2023 on BabelCite. This High Court CFI judgment was delivered on 1 November 2023.
1. By petition dated 25 October 2023 (“ Petition ”), Pa Shun International Holdings Limited (百信國際控股有限公司) (“ Company ”) seeks the court’s sanction of the Scheme of Arrangement between the Company and all its creditors with unsecured claims (“ Scheme ”) under ss.673-674 of the Companies Ordinance (Cap. 622) (“ CO ”). The Scheme compromises all unsecured claims of the Company in return for staged payments by way of cash and issuance of shares over a period of 5 years. At the hearing, this Court san
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