2 Mar 1998
In re GUANGDONG TANNERY LTD.
- Citation
- In re GUANGDONG TANNERY LTD.
- Court
- Court of First Instance
- Case number
- HCMP563/1998
The court confirmed the reduction because the petitioner satisfied the four conditions laid down in Re Lippo China Resources and provided evidence that the reduction of $34,396,597 was to extinguish goodwill arising on consolidation; the reduction was appropriate and uncontested, therefore an order confirming the reduction was made.