20 Jan 2009
RE S.M. ENTERTAINMENT ASIA LTD
- Citation
- RE S.M. ENTERTAINMENT ASIA LTD
- Court
- Court of First Instance
- Case number
- HCMP2495/2008
The court confirmed the reduction because the statutory and procedural requirements were satisfied, members were treated equitably, the directors demonstrated that the capital to be repaid was unexpended and excessive, and the company would retain sufficient cash to meet foreseeable liabilities so that creditors would not be prejudiced.