14 May 2020
RE JOYCE BOUTIQUE GROUP LTD
- Citation
- [2020] HKCFI 800
- Court
- Court of First Instance
- Case number
- HCMP266/2020
The Scheme satisfied statutory and equitable requirements: it was for a permissible purpose, adequately explained, approved by the required majorities with independent financial and board support, and the technical reduction met criteria protecting shareholders and creditors; consequently the court sanctioned the Scheme and confirmed the technical reduction, and a remote VCF hearing was acceptable given the lack of controversy.