19 Nov 2013
RE CHINA GOLD DEVELOPMENT GROUP (HK) LTD
- Citation
- RE CHINA GOLD DEVELOPMENT GROUP (HK) LTD
- Court
- Court of First Instance
- Case number
- HCMP1793/2013
The court sanctioned the reduction because statutory requirements under s59 were satisfied, the company had sufficient net assets and cash to sustain the reduction, the liabilities (including unpaid dividends to the minority shareholder) were adequately provided for by undertakings, and therefore the reduction of capital and return of HK$31,941,000 was lawful and appropriate.