15 May 2001
Chu Chung Tin Securities Ltd. ("the Company")
- Citation
- Chu Chung Tin Securities Ltd. ("the Company")
- Court
- Court of First Instance
- Case number
- HCMP947/2001
The court granted confirmation of the reduction because the company's articles permitted it, a proper unanimous special resolution had been passed, the accounts showed assets substantially in excess of liabilities so creditors would not be prejudiced, and the reduction met regulatory capital requirements for the company's current activities.