1 Aug 2000
Re Cable & Wireless HKT Ltd.
- Citation
- Re Cable & Wireless HKT Ltd.
- Court
- Court of First Instance
- Case number
- HCMP2316/2000
The court sanctioned the scheme and confirmed the capital reduction because statutory requirements were satisfied, the class of members was properly constituted (C&W had no distinct legal rights necessitating separate classification), the meeting was duly convened and informed, the requisite majorities acted bona fide, and no sufficient evidence of unfairness or that the scheme was improperly a disguised takeover was presented.