19 Apr 2007
RE SHUN SING FINANCE CO LTD
- Citation
- RE SHUN SING FINANCE CO LTD
- Court
- Court of First Instance
- Case number
- HCMP2518/2006
The court confirmed the proposed reduction because the Company demonstrated solvency and adequate resources post-repayment, compliance with procedural requirements including advertising, absence of opposition from creditors, repayment of director loans and no charged assets or debentures; consequently the reduction served a legitimate purpose and creditors' interests were adequately safeguarded.