25 Oct 2007
RE PRINCIPAL INSURANCE CO (HONG KONG) LTD
- Citation
- RE PRINCIPAL INSURANCE CO (HONG KONG) LTD
- Court
- Court of First Instance
- Case number
- HCMP1770/2007
The petition to reduce share capital was confirmed because the company met the statutory and Insurance Authority conditions (including a paid-up capital floor and a solvency ratio substantially above the statutory minimum), held sufficient liquid assets, obtained necessary consents, there was no opposition and the reduction would not prejudice creditors.