18 Jun 2004
RE OXFORD PROPERTIES & FINANCE LTD
- Citation
- RE OXFORD PROPERTIES & FINANCE LTD
- Court
- Court of First Instance
- Case number
- HCMP1319/2004
The court found that all statutory requirements under s166 were satisfied, the scheme met the Re Dorman Long test that an intelligent and honest member might reasonably approve, the HK$15 price was not arbitrary and objectors produced no evidence to the contrary; accordingly the scheme and the attendant reduction of capital were properly sanctioned.