15 Nov 2013
RE INTEL ASIA HOLDING LTD
- Citation
- RE INTEL ASIA HOLDING LTD
- Court
- Court of First Instance
- Case number
- HCMP2142/2013
The reduction was confirmed because it was authorised by the companys articles and the Ordinance, served a discernible corporate purpose, the company retained substantial net current assets after the distribution, creditors would not be prejudiced (with major Intel Group creditors consenting and debts subordinated), and procedural requirements and directions had been complied with.