6 Aug 2009
RE SFA (HK) LTD
- Citation
- RE SFA (HK) LTD
- Court
- Court of First Instance
- Case number
- HCMP1190/2009
The court confirmed the capital reduction because the reduction served a discernible commercial purpose, the company remained solvent after the reduction, creditors had been informed and raised no objection so their interests were adequately safeguarded, and shareholders were treated equitably; accordingly the court made the order in terms of the amended draft and upheld the earlier dispensation of s59(2) requirements.