Read the full judgment text of HCMP 000916/2004 on BabelCite. This High Court CFI judgment was delivered on 6 December 2004.
1. Preciousfield Limited (“P Ltd”) was incorporated in Hong Kong on 1 June 1995. A winding up order was made by the Court on 8 September 2000 in HCCW 335/2000. Upon investigation by the liquidators, P Ltd was found to be insolvent as it had liabilities of $3,860,887.22 while assets realized, $2,859.00.