Case Detail

HCCW000201/2002

HCCW 201/2002

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

COMPANIES (WINDING-UP) NO. 201 OF 2002

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	IN THE MATTER of the Companies Ordinance, Cap 32

	AND

	IN THE MATTER of Shun Yuen Trading Company Limited formerly known as Fook Man Tours Limited

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Coram: Hon Kwan J in Court

Date of Hearing: 10 June 2002

Date of Judgment: 10 June 2002

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J U D G M E N T

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1. The petition in this matter was brought by the Bank of China (HK) Limited. Before the merger of banks, the petitioner was the Kwang Tung Provincial Bank Limited. The petition is based on the balance of a judgment debt in HCA No. 2485 of 2000 given on 31 March 2000. The balance outstanding is in the sum of HK$20,914,804.02.

2. A statutory demand was served on the company on 8 February 2001. The petition was filed on the basis that the statutory demand has not been complied with and the company is unable to pay its debt.

3. The company has not appeared by a solicitor and no notice has been received by the petitioner's solicitors of anyone intending to oppose the petition. In the circumstances, I make a winding-up order against the company and I order that the petitioner's costs be paid out of the assets of the company.

	(S Kwan)
	Judge of the Court of First Instance
	High Court

Representation:

Mr Jeremy Chan, instructed by Messrs Tsang, Chan & Wong, for the Petitioner

Shun Yuen Trading Company Ltd formerly known as Fook Man Tours Ltd, unrepresented

Mrs Maria Lam, for the Official Receiver

Re Shun Yuen Trading Co. Ltd.