12 Oct 2006
RE COMMERZ (EAST ASIA) LTD
- Citation
- RE COMMERZ (EAST ASIA) LTD
- Court
- Court of First Instance
- Case number
- HCMP1616/2006
The court confirmed the capital reduction because the special resolution had been passed, creditors' interests were satisfied and adequately protected (including by the de facto set-off with Commerzbank), there was no opposition, and the reduction served a discernible and bona fide purpose for the company.