24 Dec 1999
RE BOCI ASSET MANAGEMENT LTD.
- Citation
- RE BOCI ASSET MANAGEMENT LTD.
- Court
- Court of First Instance
- Case number
- HCMP6986/1999
The court exercised its discretion to sanction the proposed reductions and approved minutes reflecting the re‑increased share capital: redenomination into US dollars is lawful under the Companies Ordinance, the minutes must state the re‑increased share capital to avoid misleading the public, and a slight decrease in authorized capital may be sanctioned where no shareholder is prejudiced.