RE MULTI-LUCK DEVELOPMENT LTD

HCCW 252/2006

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

COMPANIES (WINDING-UP) NO. 252 OF 2006

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  IN THE MATTER of Multi-Luck Development Limited (大鴻發展有限公司)
  and
  IN THE MATTER of the Companies Ordinance, Cap. 32 of the Laws of Hong Kong

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Before: Hon Kwan J in Court

Date of Hearing: 23 October 2006

Date of Judgment: 23 October 2006

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J U D G M E N T

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1. This petition for winding up was presented against Multi-Luck Development Limited (“the Company”) by Hi-Watt International EnterprisesLimited, based on a judgment debt of $1,256,603.59 in High Court Action No. 4305 of 2001 obtained on 22 February 2006.

2. The petition first came before the court in July 2006 and it was adjourned pending the outcome of the Company’s application tothe Court of Appeal for leave to appeal against the judgment out of time. That application was dismissed by the Court of Appealon 11 October 2006. The Company has indicated by its solicitors that it will no longer oppose the petition. I therefore make anorder to wind up the Company. The petitioner’s costs are to be paid out of the assets of the Company.

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

Mr Thomas Au, instructed by Messrs Wat & Company, for the Petitioner

Messrs J. Chan & Lai, for the Company, absent

Ms Ada Sze, for the Official Receiver