Read the full judgment text of HCCW 000883/1999 on BabelCite. This High Court CFI judgment was delivered on 3 January 2000.
1. This is a creditor's petition presented by The Hongkong and Shanghai Banking Corporation Ltd to wind up Grand Empire Holdings Limited ("the Company"). The petitioner had extended banking facilities to the Company in the sums of approximately HK$9.5 million and US$8.5 million in respect of which a formal demand for repayment was made but had not been complied with. The petition was supported by Prudential-Bache International Ltd and Rudolf Wolff & Co. Ltd.