24 Dec 1999
RE BOC INTERNATIONAL HOLDINGS LTD.
- Citation
- RE BOC INTERNATIONAL HOLDINGS LTD.
- Court
- Court of First Instance
- Case number
- HCMP6989/1999
Hong Kong law permits redenomination of share capital in a foreign currency; the court must approve minutes that state the re-increased share capital to avoid misleading the public; where reduction produces no prejudice to creditors or shareholders the court will exercise its discretion to sanction the reduction.