5 Jun 2007
RE HENDERSON INVESTMENT LTD
- Citation
- RE HENDERSON INVESTMENT LTD
- Court
- Court of First Instance
- Case number
- HCMP917/2007
The court exercised its discretion to confirm the reduction of the share premium account because the statutory prerequisites were met: the articles authorised the reduction, a special resolution was passed, shareholders were equally treated and properly informed, creditors' interests were adequately safeguarded by consents and by payment of HK$1,475,873 into a trust for unclaimed claims, and the reduction had the clear purpose of returning surplus capital to shareholders following the disposal; the Registrar raised no objection and the draft order was appropriate.