16 Oct 2008
RE CHINA NETCOM GROUP CORPORATION (HONG KONG) LTD
- Citation
- RE CHINA NETCOM GROUP CORPORATION (HONG KONG) LTD
- Court
- Court of First Instance
- Case number
- HCMP1452/2008
The court exercised its discretion to sanction the scheme and confirm the reduction of capital because statutory procedures were complied with, adequate disclosure was provided, the required shareholder majorities approved the scheme, the treatment of shareholders was fair, and the proposed reduction of capital did not prejudice creditors; accordingly the scheme and reduction were lawful and should be approved.