3 Nov 2017
RE CHINA ASSETS (HOLDINGS) LTD
- Citation
- RE CHINA ASSETS (HOLDINGS) LTD
- Court
- Court of First Instance
- Case number
- HCMP1875/2017
The court sanctioned the scheme and approved the reduction of capital because the proposed privatisation was a permissible purpose, the scheme shareholders were properly classed and convened, adequate information was provided, the requisite statutory majority was obtained and the reduction of capital was equitable and did not prejudice creditors given its technical nature.