6 Nov 2008
RE CITIC INTERNATIONAL FINANCIAL HOLDINGS LTD
- Citation
- RE CITIC INTERNATIONAL FINANCIAL HOLDINGS LTD
- Court
- Court of First Instance
- Case number
- HCMP1686/2008
The court sanctioned the scheme and confirmed the reduction of capital because the class was properly constituted, members were adequately informed, the scheme met statutory and Takeovers Code voting thresholds, there was equitable treatment of scheme shareholders, independent advisers recommended the scheme, creditors would not be prejudiced and the reduction served a discernible corporate purpose; orders were made subject to usual undertakings by the Offeror and BBVA.