Company strike off, also referred to as Dissolution, is the process by which the entity that is ‘a company’ is removed from the register by Companies House. The processes effectively marks the company as non-existent for all intent and purpose. You 'Strike Off' a company using form DS01.
So, CRIM went Private a month ago. A strike off does happen by itself, it is an intentional process. CRIM is setting itself up to be a big player in China / US Films and HHSE is a part of it.
Why does a company go Public? To be blunt, Money, Funding and Financing. I guess if you have access/partnership to Starry Entertainment and it's $100M Financing capacity, you can go private. Avoid all the headaches such as HHSE receives.
Congratulations to STARRY ENTERTAINMENT (Shenzen) and CRIMSON FOREST - two emerging principal venture partners for Hannover House - on an impressive announcement and resulting coverage from the Hong Kong FilMart yesterday.
Starry Entertainment has formed a partnership with the U.S. distributor and investor Crimson Forest for international releases of its productions.
8 Crimson Forest Films Distrubuted throughout North America via HHSE Venture Partnership: 1.) Pali Road 2.) Lost In The Pacific 3.) Where's The Dragon? 4.) Kung Fu Traveler 5.) Extraordinary Mission 6.) Meltdown 7.) Kung Fu Cowboys 8.) Shock Wave