11 Nov 2005
RE CHINA AEROSPACE INTERNATIONAL HOLDINGS LTD
- Citation
- RE CHINA AEROSPACE INTERNATIONAL HOLDINGS LTD
- Court
- Court of First Instance
- Case number
- HCMP1938/2005
The petition was allowed because the court was satisfied that shareholders were treated equally, the reduction was properly explained, creditors would not be prejudiced (safeguarded by undertakings) and the reduction served the discernible purpose of extinguishing accumulated losses, therefore confirmation of the capital reduction was appropriate.