17 Aug 2021
RE RIVERA (HOLDINGS) LTD
- Citation
- [2021] HKCFI 2443
- Court
- Court of First Instance
- Case number
- HCMP651/2021
The court was satisfied that all statutory and discretionary criteria for sanctioning the scheme of arrangement were met — the scheme was for a permissible purpose, members were properly classified and informed, the meeting was duly convened, the necessary statutory majorities were obtained and a reasonable member might approve — and therefore the court sanctioned the scheme and ordered its implementation including the Offeror's undertakings and the recorded capital reduction resolution.