Read the full judgment text of HCMP 458/2024 on BabelCite. This High Court CFI judgment was delivered on 17 December 2024.
1. By petition presented on 9 December 2024 (“ Petition ”), Powerlong Real Estate Holdings Limited (寶龍地產控股有限公司)(“ Company ”) seeks sanction of a scheme of arrangement (“ Scheme ”) between the Company and the “Creditors” (as defined in §8 below) on the terms and subject to the conditions set out in the composite scheme document (“ Scheme Document ”). At the hearing, I sanctioned the Scheme. These are the reasons for my judgment.
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